KUALA LUMPUR (Dec 10): Aeon Credit Service (M) Bhd has issued RM100 million in nominal value each under an issuance of unrated subordinated perpetual notes and unrated subordinated Islamic perpetual notes or sukuk, to fund its working capital and investment in assets.

In a stock exchange filing today, the financial services company said both debt notes were issued today. Both have a distribution rate of 6.65% per annum. All the perpetual notes and perpetual sukuk are transferable and tradable, the company said.

"The issued perpetual notes and perpetual sukuk shall be classified as equity in accordance with applicable accounting standards and shall be included as capital for the computation of the company's Capital Adequacy Ratio (CAR). As a result, the company's pro forma CAR as at Aug 31, 2018, stood at 21.26%," the company added.

The company has a total issuance of RM376 million in nominal value, comprising RM146 million in perpetual notes and RM230 million in perpetual sukuk.

Aeon Credit shares slipped two sen or 0.13% to close at RM15.38 today, valuing the company at RM3.86 billion. The counter saw 59,900 shares traded. Over the past 12 months, the stock has climbed near 20%.