KPJ has successfully issued RM650 million in nominal value Sukuk Wakalah as part of its earlier announced RM3 billion Sukuk Wakalah Programme.
In January, the healthcare provider reported that it will be issuing under its subsidiary an Islamic Medium Term Notes programme of RM3 Billion in nominal value under the Shariah Principle of Wakalah Bi AL-Istithmar (Sukuk Wakalah programme)
The Sukuk Wakalah Programme has been assigned a final rating of AA-IS(CG) (stable) by Malaysian Rating Corporation Berhad. Proceeds from the issuance shall be utilised by KPJ’s to fund amongst others Shariah-compliant financing activities comprising the expansion, working capital requirements and general corporate purposes of the KPJ group’s healthcare and healthcare related businesses.
Maybank Investment Bank Berhad and OCBC Al-Amin Bank Berhad are the Joint Principal Advisers, Joint Lead Arrangers and the Joint Sustainability Advisers for the Sukuk Wakalah Programme whereas the Joint Lead Managers are Affin Hwang Investment Bank Berhad, HSBC Amanah Malaysia Berhad, Maybank IB and OCBC Al-Amin.
