KUALA LUMPUR: CelcomDigi Bhd's wholly owned CelcomDigi Telecommunications Sdn Bhd has filed an Islamic medium-term notes programme of up to RM10 billion with the Securities Commission.
The perpetual-tenure sukuk programme will be issued under the Shariah principle of Murabahah via a Tawarruq arrangement and has been assigned a AAA rating by RAM Rating Services Bhd.
Proceeds will be used to finance capital expenditure, working capital, general funding needs and corporate purposes of the issuer, its subsidiaries and the CelcomDigi group.
The funds may also refinance existing conventional borrowings and Islamic financings, finance future Islamic issuances (including redeeming sukuk issued under the programme - and cover related fees and expenses, CelcomDigi said in a bourse filing today.
