KUALA LUMPUR: Bermaz Auto Bhd
(BAuto) has issued a fourth tranche of Islamic 7-year industrial papers (ICPs) totalling RM100mil in nominal worth with a tenure of six months from the date of issuance.
“The proceeds raised from the issuance of the ICPs may be utilised by the company, its subsidiaries and/or associated companies for Shariah-compliant purposes which include, among others, for refinancing existing financing/debt obligations (including any maturing Sukuk Wakalah) as well as for working capital and/or investments purposes,” it mentioned in a Bursa submitting.
