| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED ESTABLISHMENT OF A MULTICURRENCY SUKUK (“SUKUK”) PROGRAMME OF UP TO US DOLLARS SEVEN HUNDRED AND FIFTY MILLION IN NOMINAL VALUE (OR ITS EQUIVALENT IN FOREIGN CURRENCIES) (OTHER THAN RINGGIT MALAYSIA) UNDER THE SHARIAH PRINCIPLE OF WAKALA (“SUKUK PROGRAMME”) BY TULIP MAPLE BERHAD (“TULIP MAPLE”), A WHOLLY-OWNED SUBSIDIARY OF TM |
Telekom Malaysia Berhad (“TM”) is pleased to announce that Tulip Maple Berhad (a wholly owned subsidiary of TM) has today received the approval from the Securities Commission Malaysia (“SC”) for the proposed establishment of the Sukuk Programme. The Sukuk Programme shall provide TM with the flexibility to manage its fund-raising requirements and to have an alternative access to debt funding, in addition to conventional bank borrowings. The Sukuk proceeds which are subsequently received by TM will be utilised by TM for capital expenditure and business operating requirements or, as the case may be, as set forth in the pricing supplement for the relevant series, where such utilisation shall be Shariah-compliant. This announcement is dated 3 March 2015. |
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| Company Name | TELEKOM MALAYSIA BERHAD |
| Stock Name | TM |
| Date Announced | 3 Mar 2015 |
| Category | General Announcement |
| Reference No | TM-150303-AC5A0 |