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TTM Sukuk Berhad. RM600 million Sukuk Murabahah Issuance. The Malaysia-Thailand Joint Development Area. PTT Public Co Ltd. Petronas. TTMT. TTM Sukuk Berhad. The shareholding structure of the Issuer. <50%. <50%. 100%. Sukuk Murabahah Structure.
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TTM Sukuk Berhad RM600 million Sukuk Murabahah Issuance
PTT Public Co Ltd Petronas TTMT TTM Sukuk Berhad The shareholding structure of the Issuer <50% <50% 100%
Sukuk Murabahah Structure 3. TTM as Wakeel purchases the commodities from Broker A for and on behalf of the Sukukholders at the Purchase Price 2. TTM issues purchase order to Sukukholders (through the Wakeel) undertaking to purchase the commodity at the Sale Price Commodity Broker A Commodity Broker B 6. TTM sells commodities to Broker B on spot basis and receives Purchase Price 1. TTM appointed as agent to purchase the commodities from Broker A for and on behalf of the Sukukholders TTM Sukuk Berhad (as wakeel) TTM Sukuk Berhad Sukukholders Trustee 5. Sukukholders sell the commodities to TTM for a profit and on a deferred payment basis 4. TTM issues Sukuk, proceeds used to pay Broker A