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.
The perpetual-tenure sukuk programme will be issued under the Shariah principle of Murabahah via a Tawarruq arrangement and has been assigned a AAA rating by RAM Rating Services Bhd.
Proceeds will be used to finance capital expenditure, working capital, general funding needs and corporate purposes of the issuer, its subsidiaries and the CelcomDigi group.
The funds may also refinance existing conventional borrowings and Islamic financings, finance future Islamic issuances (including redeeming sukuk issued under the programme - and cover related fees and expenses, CelcomDigi said in a bourse filing today.
CelcomDigi said all proceeds from sukuk issued under the programme must be applied towards Shariah-compliant purposes.
AmInvestment Bank Bhd and CIMB Investment Bank Bhd have been appointed joint principal advisers, joint lead arrangers and joint lead managers. AmBank Islamic Bhd and CIMB Islamic Bank Bhd are the joint Shariah advisers.
The proposed programme comes as CelcomDigi's borrowings continue to rise.
Total loans and borrowings stood at RM14.46 billion as of June 30, 2026, up from RM13.85 billion at end-December 2025, while cash and cash equivalents amounted to RM684 million.
For the first half ended June 30, 2026, CelcomDigi posted a net profit of RM816 million, down 2.8 per cent from RM823 million a year earlier.
Its revenue was broadly unchanged at RM6.39 billion.
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