Top Glove said the deal attracted a strong order book of more than RM7 billion at the final price, with participation from asset managers, insurance firms, private banking, corporates and financial institutions.
In a media statement on Thursday, Top Glove said the initial yield of 3.95 per cent per annum represents the"lowest yield ever achieved for a corporate perpetual transaction in the Malaysian markets". CIMB Investment Bank Berhad and Hong Leong Investment Bank Berhad are the joint principal advisers, joint lead arrangers and joint bookrunners for the deal. CIMB Islamic Bank Berhad is the Syariah adviser.As at 3.20pm on Thursday, shares in Top Glove were trading at S$1.78, down S$0.05 or 2.7 per cent. The company had called for a trading halt at 12.30pm on the same day, but lifted it after the midday break following the sukuk announcement.
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