14/08/2012 (Bernama) - Kuala Lumpur Kepong Bhd (KLK) has successfully priced its RM1.0 billion in nominal value 10-year Islamic Medium Term Notes (IMTN) to be issued under its Multi-Currency IMTN Programme.

The transaction was initially announced at RM750.0 million but later upsized to RM1.0 billion due to overwhelming investor demand.

"The success of the book building exercise demonstrates KLK's financial strength and leadership position as a premier global palm-oil player," said the Chief Executive Officer of Maybank Investment Bank, Tengku Datuk Zafrul Aziz, in a statement today.

Maybank Investment Bank Bhd and CIMB Investment Bank Bhd acted as the Joint Principal Advisers, Joint Lead Arrangers, Joint Lead Managers and Joint Bookrunners for the Multi-Currency IMTN Programme.

The IMTN, which is based on the Islamic principle of Ijarah, was successfully priced at a profit (coupon) rate of 4.00 per cent per annum, which is 20 basis points inside the top end of the initial price guidance of 4.10 per cent to 4.20 per cent.