{
  "id": 16177378,
  "title": "CelcomDigi files RM10bil sukuk programme to refinance debt, fund expansion",
  "url": "https://urgent.news/2026/10/23/celcomdigi-files-rm10bil-sukuk-programme-to-refinance-debt-fund",
  "topic": "world",
  "section": "World",
  "published": "2026-10-23T11:21:31.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1562137/celcomdigi-files-rm10bil-sukuk-programme-refinance-debt-fund"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nAmInvestment 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.",
  "summary": "KUALA LUMPUR: CelcomDigi Bhd’s wholly owned CelcomDigi Telecommunications Sdn Bhd has filed an Islamic medium-term notes programme of up to RM10 billion with the Securities Commission.",
  "key_points": [
    "CelcomDigi files RM10 billion sukuk programme for debt refinance and expansion.",
    "Sharia-compliant medium-term notes issued under Murabahah principle via Tawarruq arrangement.",
    "Funds to be used for capital expenditures, working capital, and Shariah-compliant purposes."
  ],
  "editors_take": "This massive Sharia-compliant financing programme provides the necessary liquidity to manage rising debt levels and support the capital expenditures required for the telecommunications group's ongoing expansion and corporate objectives.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}