KUALA LUMPUR, Jan 28 (Bernama) -- Sime Darby Bhd today listed its Ringgit Malaysia Sukuk Programme on Bursa Malaysia with a combined master limit of RM4.5 billion under the Exempt Regime.
The sukuk was structured based on the Islamic principle of musharakah, Bursa Malaysia said in a statement Thursday.
The 20-year tenure sukuk programme is rated MARC-1ID/AAAID for its Islamic Commercial Paper/Islamic Medium Term Note Programme and AAAID for Islamic Medium Term Note Programme as assigned by the Malaysian Rating Corporation Bhd.
The statement said the sukuk listing by Sime Darby would further enhance Bursa Malaysia's appeal as the preferred listing destination for Islamic bonds, among both the local and international issuers.
Meanwhile, Malaysia has gained market leadership in the global sukuk market with 60 per cent of sukuk listings originating from here, making it the largest issuer of sukuk.
In 2009, Bursa Malaysia also listed the highest amount of sukuk programme, topping other exchanges in the world with a total value of US$17.6 billion.
Under the Exempt Regime, the exchange listed a total of 12 sukuk programmes since its inaugural listing in August 2009 which included the first foreign sukuk by G.E. Capital Sukuk Limited.
-- BERNAMA
