ANNOUNCEMENT DETAILS

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ANNOUNCEMENT DATE
:
21-Oct-2021
CATEGORY
:
GREEN FINANCING
SUB-CATEGORY
:
GREEN FINANCING
TITLE
:
Solar Management (Seremban) Sdn Bhd - Information Covenants
ISSUER NAME
:
SOLAR MANAGEMENT (SEREMBAN) SDN. BHD.
DESCRIPTION
:
CONTENT
:
Pursuant to Clause 16.3.13 and Clause 16.3.15 of Trust Deed dated 21 August 2020, Solar Management (Seremban) Sdn Bhd (''the Issuer'') has provided the following information to Sukuk Holders under Information Covenants of Trust Deed for their record in relation to Islamic medium term notes (''IMTN'') issuance of up to RM260.0 million in nominal value based on the Shariah principle of Murabahah (via Tawaruq Arrangement)("Asean Green SRI Sukuk") :-

a) Clause 16.3.13: Issuer's confirmation letter dated 13 October 2021 in relation to:

(i)the original amount allocated for the Eligible SRI Projects;
(ii)the amount utilised for the Eligible SRI Projects;
(iii)the unutilised amount and where such unutilised amount is placed or invested pending utilisation; and
(iv)the list of Eligible SRI Projects in which the ASEAN Green SRI Sukuk proceeds have been allocated to and a brief description of    the said Eligible SRI Projects and their impact or expected impact, including the key underlying methodology or assumptions used to determine the impact or expected impact;  

b)Clause 16.3.15: Auditor's confirmation letter dated 11 October 2021 in relation to Issuer's management of proceeds from the Sukuk issuance.

*** DISCLAIMER ***
THIS COMPUTER SYSTEMS AND APPLICATIONS ARE OWNED AND OPERATED BY BURSA MALAYSIA.
ATTACHMENT
:
SOURCE
:
BURSA