KPJ Announces RM3 Billion Sukuk Programme

KPJ Healthcare Bhd is establishing an RM3 billion sukuk wakalah programme aimed at financing expansion, as well as for working capital requirements and general corporate purposes

Its wholly-owned subsidiary, Point Zone (M) Sdn Bhd, completed the lodgement of the Islamic medium-term notes programme with Securities Commission Malaysia on Wednesday.

The programme aims to allow the group to issue Sukuk wakalah and sustainability Sukuk wakalah from time to time which are following the sustainable and responsible investment Sukuk framework under the LOLA guidelines, ASEAN Green Bond and Social Bond standards, and the sustainability bond standards issued by the ASEAN Capital Markets Forum.

The Malaysian Rating Corporation Bhd has assigned a preliminary rating of AA-IS(CG) for the Sukuk programme, said KPJ Healthcare in a bourse filing.

Maybank Investment Bank Bhd and OCBC Al-Amin Bank Bhd are the joint principal advisers and joint lead arrangers for the sukuk programme while Maybank Islamic Bhd and OCBC Al-Amin are the joint shariah advisers.

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