EcoWorld Raises RM800mil from First Perpetual Sukuk Issuance

KUALA LUMPUR: Eco World Development Group Bhd’s unit, Eco World Perpetual Capital Bhd, has established a rated Perpetual Sukuk Wakalah Programme with a nominal value of RM2 billion. Guaranteed by EcoWorld, the programme has been assigned a final credit rating of A IS(CG) with a stable outlook by MARC Ratings Bhd. In its first issuance, the company successfully raised RM800 million, comprising two tranches: RM550 million non-callable for seven years and RM250 million non-callable for 10 years. Proceeds will be used for working capital, investments, acquisitions, refinancing, and other Shariah-compliant corporate purposes.

EcoWorld

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