CelcomDigi files RM10bil sukuk programme to refinance debt, fund expansion

KUALA LUMPUR - CelcomDigi Telecommunications Sdn Bhd, the wholly-owned subsidiary of CelcomDigi Bhd, has filed a Sharia-compliant medium-term notes programme of up to RM10 billion with the Securities Commission. The perpetual tenure sukuk will be issued under the Murabahah principle via a Tawarruq arrangement and has received a top AAA rating from RAM Rating Services Bhd.

The raised funds will be used for various purposes including capital expenditures, working capital, general funding needs and corporate objectives for the issuer, its subsidiaries, and the CelcomDigi group. The proceeds may also be utilized to refinance existing conventional and Islamic borrowings, finance future Islamic issuances, and cover related fees and expenses. All earnings from the sukuk must be applied towards Shariah-compliant purposes, as per CelcomDigi's filing.

AmInvestment Bank Bhd and CIMB Investment Bank Bhd have been appointed as joint principal advisers, joint lead arrangers, and joint lead managers for the programme. Additionally, AmBank Islamic Bhd and CIMB Islamic Bank Bhd serve as joint Shariah advisers. The proposed Islamic financing program arrives amidst a rise in CelcomDigi's borrowings, with total loans and borrowings reaching RM14.46 billion as of June 30, 2026, up from RM13.85 billion at the end of December 2025.

Meanwhile, the company's cash and cash equivalents stood at RM684 million. For the first half of 2026, CelcomDigi reported a net profit of RM816 million, a 2.8% decrease from RM823 million in the previous year, while revenue remained broadly unchanged at RM6.39 billion.