YNH Prioritises RM170 Million Sukuk Repayment as Funding Pressure Persists

Kuala Lumpur, 10 November 2026 – YNH Property Berhad says it is prioritising a RM170 million Sukuk Wakalah due on 26 February 2027, with funding efforts centred on its designated reserve account, collections from ongoing developments and proposed asset disposals. The update follows a rating downgrade on the group’s RM700 million Islamic Medium-Term Notes programme and a negative watch, placing execution of the funding plan under close investor scrutiny.

The group had accumulated RM54.4 million in the sukuk reserve account as at 27 October, against a required October balance of RM61.2 million. YNH said it is working to meet the RM6.8 million difference within the contractual remedy period. It described the gap as a shortfall in scheduled cash accumulation, not a missed principal payment. The distinction is important: the reserve balance is one part of the funding arrangement, while the full RM170 million redemption remains due in February. The company did not state a specific completion date for the remedial deposit in its update.