Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 12): BIMB Holdings Bhd has made an early partial redemption of RM609.94 million of a 10-year RM1.66 billion sukuk, which was issued at a discount and fully subscribed by Lembaga Tabung Haji.

The maturity date of the sukuk is Dec 12, 2023.

In a filing with Bursa Malaysia today, BIMB said the early partial redemption exercise will reduce the group’s future payment obligations under the sukuk and is expected to have a positive impact on its future earnings.

Based on its current cash flow position, BIMB said it has sufficient funds to make an early partial redemption under the sukuk.

BIMB had issued the sukuk on Dec 12, 2013.

Shares of BIMB closed down 10 sen or 2.71% to RM3.59 for a market capitalisation of RM6.08 billion.

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