{"id":3118,"date":"2021-06-15T08:51:18","date_gmt":"2021-06-15T08:51:18","guid":{"rendered":"https:\/\/spsetia.com\/?post_type=news&#038;p=3118"},"modified":"2025-08-08T16:20:45","modified_gmt":"2025-08-08T08:20:45","slug":"s-p-setias-rm800m-sukuk-issuance-oversubscribed-by-2-3-times","status":"publish","type":"news","link":"https:\/\/spsetia.com\/zh\/news\/s-p-setias-rm800m-sukuk-issuance-oversubscribed-by-2-3-times\/","title":{"rendered":"S P Setia\u2019s RM800m sukuk issuance oversubscribed by 2.3 times"},"content":{"rendered":"<p>KUALA LUMPUR (June 15): Property developer S P Setia Bhd has successfully priced a RM800 million sukuk issuance, proceeds of which will be used for the group\u2019s project development, refinance its borrowings and general corporate purposes.<\/p>\n<p>The issuance comprises a RM500 million five-year tranche and a RM300 million seven-year tranche, out of its newly established Islamic Medium Term Notes Programme of up to RM3 billion in nominal value.<\/p>\n<p>The issuance was oversubscribed by 2.3 times, with an orderbook in excess of RM1.85 billion coming from diversified and high-quality investors, it said in a statement today.<\/p>\n<p>\u201cThe oversubscription clearly reflects strong market confidence in S P Setia\u2019s fundamentals and credit story, despite the challenging market conditions in light of the ongoing Covid-19 pandemic. In addition, S P Setia was also able to price the transaction at the tight end of the price guidance,\u201d the group added.<\/p>\n<p>The sukuk is rated AAIS by Malaysian Rating Corporation Bhd (MARC), it said.<\/p>\n<p>S P Setia\u2019s shares closed unchanged at RM1.10 today, giving the group a market capitalisation of RM4.46 billion. It saw some 5.75 million shares transacted.<\/p>","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR (June 15): Property developer S P Setia Bhd has successfully priced a RM800 million sukuk issuance, proceeds of which will be used for the group\u2019s project development, refinance its borrowings and general corporate purposes. The issuance comprises a RM500 million five-year tranche and a RM300 million seven-year tranche, out of its newly established [&hellip;]<\/p>\n","protected":false},"featured_media":3119,"template":"","news_category":[16],"township-news":[],"venues-news":[],"class_list":["post-3118","news","type-news","status-publish","has-post-thumbnail","hentry","news_category-general"],"acf":[],"_links":{"self":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news\/3118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/media\/3119"}],"wp:attachment":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/media?parent=3118"}],"wp:term":[{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news_category?post=3118"},{"taxonomy":"township-news","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/township-news?post=3118"},{"taxonomy":"venues-news","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/venues-news?post=3118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}