SapuraKencana has completed the signing of a 7-year multi-currency financing facilities of approximately USD 1.5 billion equivalent with a consortium of Malaysian, regional and international banks.

The proceeds raised from this facility should be utilised to partially refinance its wholly-owned subsidiary’s, SapuraKencana TMC existing borrowings.

The refinancing involves raising approximately USD 658 million via a new conventional term loan facility and issuance of approximately RM 3.6 billion of unrated sukuk (Islamic bonds) under the existing 30-year multi-currency sukuk programme of up to RM 7.0 billion in nominal value.

The refinancing exercise is part of the Group’s proactive capital management initiative that should support its global operations.

Maybank Investment Bank acted as the coordinating bank in relation to the refinancing exercise.





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