Kimlun Corporation Berhad’s RM800 Million Islamic Commercial Papers Programme and Islamic Medium Term Notes Programme

Rahmat Lim & Partners acted for OCBC Al-Amin Bank Berhad on the transaction.

Kimlun Corporation Bhd (KLSE:KIMLUN) set up an Islamic commercial papers (ICP) programme based on the Shariah principle of Murabahah (via Tawarruq arrangement) and an Islamic medium-term notes (IMTN) based on the Shariah principle of Murabahah (via Tawarruq arrangement), which have a combined limit of RM800 million.

The engineering and construction services provider has received the acknowledgement receipts from the Securities Commission pursuant to OCBC Al-Amin Bank Bhd’s lodgements on its behalf.

The ICP programme had a tenure of up to seven years commencing from the date of the first issuance of the ICP while the IMTN programme’s tenure was perpetual.

Kimlun provides construction design and build services. 

The Rahmat Lim & Partners team was led by Kelvin Loh (Picture). 

Involved fees earner: Kelvin Loh – Rahmat Lim & Partners;

Law Firms: Rahmat Lim & Partners;

Clients: OCBC Al-Amin Bank Berhad ;

Sonia Carcano

Author: Sonia Carcano