FGV Group’s RM500 Million Sukuk Murabahah Programme

Zul Rafique & Partner assisted Maybank Investment Bank Berhad on FGV Holdings Berhad’s inaugural Sukuk Murabahah Programme.

FGV Holdings Berhad had plans to raise RM500 million by establishing a sukuk murabahah programme.

The FGV programme will have a tenure of eight years from the date of its first issue, which shall be made within 60 business days from the date of lodgement with the SC, while each individual issue of sukuk under the programme will have a tenure of one to eight years.

Maybank Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager for the Sukuk Murabahah Programme. Maybank Islamic Berhad is the Shariah Adviser for the Sukuk Murabahah Programme.

FGV (KLSE:FGV) is a Malaysia-based agri-business.

The Zul Rafique team was led by Banking & Finance practice group partner, Kung Suan Im (Picture) together with Energy and Utilities practice group partner, Teh Hooi Woon and associate, Alya Irdeena.


Involved fees earner: Feruz Anwar Seth – Zul Rafique & Partners; Alya Irdeena Idzwan – Zul Rafique & Partners; Suan Im – Zul Rafique & Partners;

Law Firms: Zul Rafique & Partners;

Clients: Maybank Investment Bank;

Sonia Carcano

Author: Sonia Carcano