DJCMK 6.250% 13Nov2028 Corp (MYR)

Sukuk Information

Tropicana Corporation Berhad is involved in the development of residential and commercial properties including golf courses and resorts. The Company is also involved in mechanical engineering, general trading services, and credit leasing business.

Sukuk Issuer

Tropicana Corporation Berhad

Guarantor

Announcement Date

11 Nov 2024

Issue Date

13 Nov 2024

Maturity Date

13 Nov 2028

Years to Maturity / Next Call

2.109 / -

Modified Duration

1.906 @ 02 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.250

Distribution Type

Fixed

Annual Distribution Rate

6.250

Distribution Frequency

Semi Annually

Seniority

First Lien

Reference Rate

ISIN

MYBVH2403441

CUSIP

YV6983956

Sukuk Currency

MYR

Total Issue Size

250,320,000

Min. Investment Quantity (Nominal)

MYR 1,000

Incremental Quantity (Nominal)

MYR 1,000

Sukuk Type

High Yield Corporate

Sukuk Sector

Financials

Sukuk Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch/ MARC/ RAM)

***/ N.R/ A/ W.R

Sukuk Credit Rating (S&P/ Fitch/ MARC/ RAM)

***/ N.R/ A/ N.R

Shariah Compliant

Yes

Islamic Principle

Sukuk Al Murabaha

Sukuk Al Wakala Bel Istithmar

Exchange Listed

Distribution Dates	Distribution	Principal Amount	Cash Flow

No Data