General Announcement::PROPOSED ESTABLISHMENT OF AN ISLAMIC MEDIUM TERM NOTE PROGRAMME

Issuer & Securities

Issuer/ Manager
SINARMAS LAND LIMITED
Securities
SINARMAS LAND LIMITED - SG1E97853881 - A26
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Nov-2017 18:38:52
Status
New
Announcement Sub Title
PROPOSED ESTABLISHMENT OF AN ISLAMIC MEDIUM TERM NOTE PROGRAMME
Announcement Reference
SG171107OTHRWIIE
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Sinarmas Land Limited (the "Company" or "SML") wishes to announce that the Company through its wholly-owned subsidiary, Prime Glory Capital Limited, a company incorporated in Mauritius, is planning to establish an Islamic medium term note programme (the "Proposed Programme") of up to Ringgit Malaysia 2.0 billion in nominal value with a tenure of up to 20 years under the laws of Malaysia.

RAM Rating Services Berhad has assigned an AA3(s)/stable rating to the Proposed Programme.

Shareholders and investors are advised to exercise caution in dealing with SML's securities and to refrain from taking any action in respect of their securities which may be prejudicial to their interests, as there is no certainty or assurance as at the date of this announcement that the Proposed Programme will be undertaken at all.

The Company will make relevant announcement(s) as and when there are material updates on the Proposed Programme.

By Order of the Board
SINARMAS LAND LIMITED

Robin Ng Cheng Jiet
Director
7 November 2017