The Edge, KUALA LUMPUR, 21 APRIL 2020 Report : In March 2020, Country Garden Real Estate (CGRE) successfully issued 3 tranches of Islamic Sukuk totalling MYR495 million with the longest tenure being 7 years, despite the downcycle of global market and recent chaos in financial market due to the COVID-19 outbreak. These issuances fully reflect the confidence that Malaysian capital markets have in both Country Garden Group (“the Group”) and CGRE’s long term development in Malaysia. In addition, RAM Ratings had in Sep 2019 reaffirmed the AA3/Stable rating of CGRE’s Islamic Medium-Term Note (IMTN) Programme.

Country Garden Malaysia will be adhering to this order accordingly.

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