UMWHMK 6.350% Perpetual Corp (MYR)

Sukuk Factsheet

Sukuk

UMW Holdings Berhad

Indicative

Full Lot

Bid Price

102.557

Change in Bid Price

remove 0.017

Bid Yield (%)

4.521 %

Change in Bid Yield

0.009

Ask Price

103.157

Change in Ask Price

remove 0.008

Ask Yield (%)

4.101 %

Change in Ask Yield

0.001

Indicative price as of 30 Oct 2026, 3:57pm

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Sukuk Information

UMW Holdings Berhad operates as a holding company. The Company, through its subsidiaries distributes passenger car and commercial vehicle, provides state-of-the-art equipment, as well as specialize in the manufacture of fan case assembly kits for car. UMW Holdings serves customers in Malaysia.

Sukuk Issuer

UMW Holdings Berhad

Guarantor

Announcement Date

13 Apr 2018

Issue Date

20 Apr 2018

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 1.466

Modified Duration

1.388 @ 30 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.350

Distribution Type

Variable

Annual Distribution Rate

6.350

Distribution Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

Reset Date: 20 Apr 2028
Reset Rate: Malaysia Government 10Y Yield + Margin (2.362%)
plus Coupon Step Up by 1%

ISIN

MYBVZ1801480

CUSIP

AS2763561

Sukuk Currency

MYR

Total Issue Size

1,100,000,000

Min. Investment Quantity (Nominal)

MYR 1,000

Incremental Quantity (Nominal)

MYR 1,000

Sukuk Type

Corporate

Sukuk Sector

Consumer Discretionary

Sukuk Sub Sector

Automobiles

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

***/ N.R/ AA+/ AA2

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

***/ N.R/ AA-/ N.R

Shariah Compliant

Yes

Islamic Principle

Sukuk Al Musharakah

Exchange Listed

Sukuk Feature(s)

Deferral of Distribution

CUMULATIVE DEFERRAL OF INTEREST PAYMENT

The Issuer at its sole discretion, may opt to defer payment (in whole or in part) of the Expected Periodic Distribution Amount which is otherwise scheduled to be paid on a Periodic Distribution Date, to the next Periodic Distribution Date by giving an optional deferral notice in writing ("Optional Deferral Notice") signed by the Issuer not more than fifteen (15) nor less than five (5) business days prior to the relevant Periodic Distribution Date, to the Facility Agent and the Sukuk Trustee (for and on behalf of the Sukukholders), provided that no Compulsory Periodic Distribution Payment Event has occurred.

The issuer may at its sole discretion, elect to further defer any outstanding arrears of deferred periodic distribution by complying with the foregoing notice requirement. The issuer is not subject to any limit as to the number of times the expected periodic distribution amount and the arrears of deferred periodic distribution can be deferred except that the provisions on the dividend and capital stopper shall be complied with until all outstanding arrears of deferred periodic distribution have been paid in full.

DIVIDEND STOPPER

So long as any Expected Periodic Distribution Amount and any Arrears of Deferred Periodic Distribution is outstanding, theIssuer shall not:
(1) declare or pay any dividends, distributions or other payments on, and will procure that no dividend, distribution or other payment is made on any of its Junior Obligations, or its Parity Obligations (except on a prorate basis with the Sukuk Musharakah); or
(2) redeem, reduce, cancel, buy-back or acquire and will procure that no redemption, reduction, cancellation, buyback or acquisition is made in respect of any of its Junior Obligations, or its Parity Obligations (except on a prorate basis with the Sukuk Musharakah), until it has paid all outstanding Expected Periodic Distribution Amount and any Arrears of Deferred Periodic Distribution in full.

DIVIDEND PUSHER

Notwithstanding the Optional Deferral of Distribution, the payment by the Issuer of any outstanding Expected Periodic Distribution Amount and any Arrears of Deferred Periodic Distribution (if any) will be mandatory within fifteen (15) days from any of the following date:
(1) if the Issuer has on such date declared or paid any dividends, distributions or other payments on any of its Junior Obligations, or its Parity Obligations (except on a pro-rata basis with Sukuk Musharakah); or
(2) if the Issuer has on such date redeemed, reduced, cancelled, bought-back or acquired any of its Junior Obligations, or its Parity Obligations (except on a prorate basis with Sukuk Musharakah).

Issuer Call

The Issuer may, at its sole discretion, redeem at par, (in its entirety but not partially) of the Sukuk Musharakah at the relevant Exercise Price on the First Call Date or any Call Date thereafter. The Issuer shall give not less than thirty (30) days and not more than sixty (60) days prior written notice (which notice shall be irrevocable) to the Facility Agent and the Sukuk Trustee (for and on behalf of the Sukukholders) for the Optional Redemption.

"Call Date" means the First Call Date (Year 10) and each Periodic Distribution Date thereafter.

RATING EVENT REDEMPTION

If at any time a Rating Event has occurred and is continuing and the Issuer has delivered to the Facility Agent and the Sukuk Trustee:
(i) a written confirmation that a Rating Event has occurred issued by the Rating Agency; and
(ii) a certificate signed by a director and the company secretary OR a director and an authorised signatory OR two authorised signatories, as the case may be, of the Issuer stating that the Issuer is entitled to effect the Rating Event Redemption,
the Issuer may, at its sole discretion, redeem the relevant Sukuk Musharakah (in whole, but not in part) at the Exercise Price.
The Issuer shall give not less than thirty (30) days' and not more than sixty (60) days' prior written notice (which notice shall be irrevocable) to the Sukuk Trustee (for and on behalf of the Sukukholders) for the Rating Event Redemption.

Distribution Rate Step Up

If not called on Year 10 (First Call Date), Coupon Rate will be stepped up by 1%

Make Whole Call

REDEMPTION EVENT PRIOR TO FIRST CALL DATE (Year 10)

The Exercise Price shall be equal to: (a) the higher of (a) the nominal value of all outstanding Sukuk Musharakah or (b) the Make-Whole Amount (as defined below); plus
(b) any Expected Periodic Distribution Amount payable and unpaid up to the date fixed for redemption (including any Arrears of Deferred Periodic Distribution and any Additional Periodic Distribution Amount); plus
(c) any Liquidity Facility.
UMW as the Issuer, is entitled to set off the Exercise Price with any Liquidity Facility to be repaid to UMW as the Manager.

"Make-Whole Amount" means the amount, equal to the sum of (a) the present value of the nominal value of the outstanding Sukuk Musharakah to be redeemed discounted from the First Call Date to the redemption date, and (b) the present value of all Expected Periodic Distribution Amount payable from the redemption date up to and including, the First Call Date, discounted to the redemption date on a semi-annual basis (assuming a 365 day year) at the relevant discount rate being the Relevant MGS Rate plus the relevant margin to be agreed between the Issuer and the JLAs prior to the issue date of the relevant series of Sukuk Musharakah.

"Relevant MGS Rate" means the rate in per cent per annum equal to the relevant Malaysian Government Securities ("MGS") rate for a tenure corresponding to the period between the relevant redemption date up to the First Call Date, or in the absence of such MGS rate, the interpolated rate based on the arithmetic mean of the 2 available closest MGS rates corresponding to the period between the relevant redemption date up to the First Call Date.

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Distribution Dates	Distribution	Principal Amount	Cash Flow

No Data