UEM Sunrise Berhad announced that it has successfully completed the issuances of a total of MYR 350.0 million in nominal value of IMTNs under the IMTN Programme. The New IMTNs are issued in two tranches. The first tranche of MYR 200.0 million has a tenure of five (5) years and will mature on 29 September 2028.

The second tranche o fMYR150.0 million has a tenure of seven (7) years and will mature on 27 September 2030. The proceeds from the New IMTNs will be utilised for UEM Sunrise and/or its subsidiaries? Shariah-compliant general corporate purposes which shall include the following: acquisition of new landbank; acquisition of company(ies); investments (including capital injections into UEM Sunrise?s subsidiaries, associates and joint ventures companies); project development cost and infrastructure cost; capital expenditure; general expenditure; and refinancing of Islamic financing /outstanding loan facilities.