{"id":53,"date":"2025-04-30T04:03:26","date_gmt":"2025-04-30T04:03:26","guid":{"rendered":"https:\/\/hartaco.com\/?p=53"},"modified":"2025-04-30T04:03:26","modified_gmt":"2025-04-30T04:03:26","slug":"sime-darby-property-secures-rm800m-sukuk-at-historic-low-cost","status":"publish","type":"post","link":"https:\/\/hartaco.com\/index.php\/2025\/04\/30\/sime-darby-property-secures-rm800m-sukuk-at-historic-low-cost\/","title":{"rendered":"Sime Darby Property Secures RM800m Sukuk at Historic Low Cost"},"content":{"rendered":"<p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/hartaco.com\/wp-content\/uploads\/2025\/04\/Sime_Darby_Property_Secures_RM800m_Sukuk_at_Historic_Low_Cost_v1_generated_image_20250430120235.png\" alt=\"Article featured image\"\/><\/figure>\n<\/p>\n<p>Sime Darby Property has secured RM800 million through its latest Islamic bond issuance, marking a milestone with historically low financing costs despite global economic volatility. The offering, part of a RM4.5 billion sukuk program, attracted overwhelming demand, oversubscribed nearly seven times with bids totaling RM5.4 billion from institutional investors.<\/p>\n<p>The bonds, structured with maturities ranging from 7 to 15 years, carry an average profit rate of 4.02%\u2014the company\u2019s most competitive pricing to date. This strong investor appetite reflects confidence in Sime Darby Property\u2019s strategic shift toward stable-income assets, including industrial parks, logistics hubs, and data centers.<\/p>\n<p>Proceeds will support long-term expansion, working capital, and corporate initiatives while reinforcing the company\u2019s SHIFT25 transformation plan. The strategy focuses on building a resilient real estate portfolio and transitioning into a real estate investment trust (REIT) model to enhance recurring revenue.<\/p>\n<p>MARC Ratings reaffirmed the AA+IS credit rating with a stable outlook, underscoring the company\u2019s financial stability. Maybank Investment Bank led the transaction as the principal adviser, with CIMB Investment Bank and OCBC Al-Amin Bank serving as joint lead managers.<\/p>","protected":false},"excerpt":{"rendered":"<p>Sime Darby Property has secured RM800 million through its latest Islamic bond issuance, marking a milestone with historically low financing costs despite global economic volatility. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-53","post","type-post","status-publish","format-standard","hentry","category-new"],"_links":{"self":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/53","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/comments?post=53"}],"version-history":[{"count":1,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/53\/revisions"}],"predecessor-version":[{"id":54,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/53\/revisions\/54"}],"wp:attachment":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/media?parent=53"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/categories?post=53"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/tags?post=53"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}