JB Foods (SGX:BEW), a cocoa ingredient producer, will issue its fourth tranche of Islamic medium-term notes totaling 145 million ringgit under its Sukuk Wakalah Program, according to a Wednesday filing on the Singapore Exchange.
The issuance includes a three-year 105 million ringgit note with a 5.8% semi-annual distribution rate, set to mature on Nov. 12, 2027, and a five-year 40 million ringgit note at 5.95%, maturing on Nov. 13, 2029.
The proceeds will be directed towards Shariah-compliant purposes, including capital expenditures, refinancing, working capital, and other corporate uses.
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