{"id":17421,"date":"2025-02-13T18:18:00","date_gmt":"2025-02-13T10:18:00","guid":{"rendered":"https:\/\/www.glomac.com.my\/?p=17421"},"modified":"2025-05-01T18:20:34","modified_gmt":"2025-05-01T10:20:34","slug":"glomac-berhad-and-maybank-announce-launch-of-rm3-0-billion-sukuk-wakalah-programme","status":"publish","type":"post","link":"https:\/\/www.glomac.com.my\/ms\/glomac-berhad-and-maybank-announce-launch-of-rm3-0-billion-sukuk-wakalah-programme\/","title":{"rendered":"Glomac Berhad and Maybank Announce Launch of RM3.0 Billion Sukuk Wakalah Programme"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"674\" src=\"https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3007560-1024x674.jpeg\" alt=\"\" class=\"wp-image-17419\" srcset=\"https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3007560-1024x674.jpeg 1024w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3007560-300x198.jpeg 300w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3007560-768x506.jpeg 768w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3007560-18x12.jpeg 18w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3007560.jpeg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Glomac Berhad&#8217;s Chief Executive Officer\/Group Managing Director, Datuk Seri FD Iskandar Tan Sri FD Mansor (second from left) and Maybank Investment Bank\u2019s CEO, Michael Oh-Lau (second from right) commemorating Glomac\u2019s RM3.0 billion Islamic medium term notes programme, witnessed by Glomac Bina\u2019s Executive Director, FD Idzham FD Iskandar (first from left) and Maybank\u2019s Group CEO, Global Banking, Datuk John Chong (first from right).<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Glomac Berhad (&#8220;Glomac&#8221;) and Maybank today celebrated the launch of Glomac\u2019s Islamic medium-term notes programme, amounting to up to RM3.0 billion in nominal value, based on the Shariah principle of Wakalah Bi Al-Istithmar (&#8220;Sukuk Wakalah Programme&#8221;). Maybank Investment Bank Berhad is the Sole Principal Adviser, Sole Lead Arranger, and Sole Lead Manager, while Maybank Islamic Berhad serves as the Shariah Adviser for the programme.<\/p>\n\n\n\n<p>The Sukuk Wakalah Programme is a crucial part of Glomac\u2019s long-term financing strategy. The funds raised through this issuance will be used for land acquisition, capital expenditure, and working capital, supporting the company\u2019s growth and development plans.<\/p>\n\n\n\n<p>Datuk Seri FD Iskandar Tan Sri FD Mansor, Group Managing Director\/Chief Executive Officer of Glomac Berhad, commented, \u201cThis RM3 billion Sukuk Wakalah Programme will strengthen Glomac\u2019s financial reserves and provide us with the capacity for further land banking opportunities. It will also enable the optimisation of liabilities with high interest rates. This initiative allows us to access capital when needed and positions Glomac to seize opportunities for future growth and development. We look forward to our strategic partnership with Maybank, which will enhance our credibility and market positioning.\u201d<\/p>\n\n\n\n<p>Michael Oh-Lau, Chief Executive Officer of Maybank Investment Bank Berhad, stated, \u201cThe Sukuk Wakalah Programme is flexible and tailored to meet Glomac\u2019s funding needs, with options for rated or unrated Sukuk, including sustainable formats. We are honored to support Glomac\u2019s debut in the debt capital market with comprehensive solutions.\u201d<\/p>\n\n\n\n<p>Glomac\u2019s strategic portfolio, valued at approximately RM7 billion in Gross Development Value (GDV), focuses on Greater KL and Johor markets, with an emphasis on affordable residential townships. The company continues to explore opportunities in green energy and other related sectors aligned with its core business.<\/p>\n\n\n\n<p><strong>Source<\/strong>: PropSocial<\/p>","protected":false},"excerpt":{"rendered":"<p>PROPSOCIAL: Glomac Berhad (&#8220;Glomac&#8221;) and Maybank today celebrated the launch of Glomac\u2019s Islamic medium-term notes programme, amounting to up to RM3.0 billion in nominal value, based on the Shariah principle of Wakalah Bi Al-Istithmar (&#8220;Sukuk Wakalah Programme&#8221;). <\/p>","protected":false},"author":7,"featured_media":17419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100],"tags":[],"class_list":["post-17421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-content","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/comments?post=17421"}],"version-history":[{"count":1,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17421\/revisions"}],"predecessor-version":[{"id":17422,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17421\/revisions\/17422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/media\/17419"}],"wp:attachment":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/media?parent=17421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/categories?post=17421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/tags?post=17421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}