Puncak wishes to announce that Ideal Water Resources Sdn Bhd (“IWR”) (a wholly-owned subsidiary of Puncak) had on 8 July 2025 completed the issuance of the Second Tranche Sukuk Murabahah under the Sukuk Murabahah Programme.

The Second Tranche Sukuk Murabahah, secured by cashflows arising from the Z1P 2 concession, has been assigned a final AA2/Stable credit rating by RAM Rating Services Berhad and carries a tenure of up to nine (9) years from the issue date with profit rates ranging from 4.10% to 4.92% per annum.

The proceeds raised from the Second Tranche Sukuk Murabahah shall be utilised for the following purposes (i) to part redeem the first tranche Sukuk Murabahah issued by IWR, (ii) to advance to Pujian Bayu Sdn Bhd (“Pujian Bayu”) (a wholly-owned subsidiary of Puncak) for the partial early redemption of the medium term notes issued by Pujian Bayu, (iii) to fund the reserve account of the Second Tranche Sukuk Murabahah and (iv) to advance to Puncak and/or its subsidiaries to fund its general working capital requirement (including fees and expenses in relation to the issuance of the Second Tranche Sukuk Murabahah).

Hong Leong Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager for the Sukuk Murabahah Programme.


This announcement is dated 8 July 2025.