KUALA LUMPUR, 28 March 2017 – UEM Edgenta Berhad (“UEM Edgenta” or “Company”), a leading Total Asset Solutions company has today successfully completed the signing of an agreement for the issuance of RM1.0 billion Sukuk Programme financing.
The Islamic Commercial Papers (ICP Programme) and Islamic Medium Term Notes (IMTN Programme) with a combined aggregate limit of up to RM1 billion in nominal value for the Sukuk Programmes has been assigned preliminary ratings of MARC-1IS/ AA-IS by Malaysian Rating Corporation Berhad (“MARC”) with a stable outlook.
According to Azmir Merican, Managing Director/Chief Executive Officer of UEM Edgenta, “The proceeds raised from the Sukuk Programme will allow us to rebalance our capital and will be utilized for our Shariah-compliant general corporate expansion. This includes capital expenditure to push forward in enhancing our new strategic focus in our three key business offerings encompassing consultancy, solutions and services in four distinct core business sectors, namely healthcare, infrastructure, real estate and water.
UEM Edgenta holds a strong and competitive position with a long operating track record in the concession-based highway infrastructure services and hospital support services. The Company had recently completed the acquisition of Asia Integrated Facility Solution Pte. Ltd. (“AIFS”) which wholly owns UEMS Pte. Ltd. (“UEMS”), an integrated facilities management services provider, operating in Singapore, Taiwan and Malaysia, servicing major public and private healthcare entities in these countries and has recently partnered with Microsoft Malaysia to further develop Smart Facilities Management Solutions.
Present at the signing were Azmir Merican, Managing Director / Chief Executive Officer, UEM Edgenta, Dato’ Jezilee Mohamad Ramli, Chief Financial Officer, UEM Edgenta, Arsalaan Ahmed, Chief Executive Officer, HSBC Amanah; Fad’l Mohamed, Deputy Chief Executive Officer, Maybank Investment Bank Berhad and Tracy Chen, Senior Managing Director, Group Wholesale Banking CIMB Bank Berhad.
HSBC Amanah Malaysia Berhad and Maybank Investment Bank Berhad are the joint lead arrangers and joint lead managers, together with CIMB Investment Bank Berhad as joint lead managers.