Bursa Filings
Proposed Issuance of Bank Guaranteed Sukuk Ijarah Of Up To Rm500.0 Million In Nominal Value Under A Sukuk Programme
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May 05, 2008
| Type | Announcement |
| Subject | AIRASIA BERHAD (“AIRASIA” OR “THE COMPANY”) PROPOSED ISSUANCE OF BANK GUARANTEED SUKUK IJARAH OF UP TO RM500.0 MILLION IN NOMINAL VALUE UNDER A SUKUK PROGRAMME |
| Contents | We refer to the announcements dated 10 April 2008 and 28 April 2008. The Board of Directors of AirAsia is pleased to announce the first issuance of the bank guaranteed Sukuk (“BG Sukuk”) of RM420 million under the Sukuk Programme of up to RM500 million by Aras Sejagat Sdn Bhd, a wholly-owned subsidiary of AirAsia, on 5 May 2008. Proceeds from the BG Sukuk, which were issued for a tenure of 5 years, shall be utilised to part finance the Company’s capital expenditure and general working capital requirements, to pay the expenses incurred in connection with the Sukuk Programme and funding of the Ijarah service reserve account. This announcement is dated 5 May 2008. |
Announcement Info
| Company Name | AIRASIA BERHAD |
| Stock Name | AIRASIA |
| Date Announced | 5 May 2008 |
| Category | General Announcement |
| Reference No | CM-080505-65768 |
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