Business News

Published: Wednesday February 6, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:37:03 AM

Paramount Corp in RM550m private debt securities programme

KUALA LUMPUR: Property and education group Paramount Corporation Bhd has inked two private debt securities (PDS) programmes worth RM550mil.

It said on Wednesday the deal consists of a programme for RM200mil, which allows PCB to issue perpetual bonds, which is a first for a Malaysian non-government-linked company.

It also includes a RM350 million Sukuk programme for the company's unit, KDU University College Sdn Bhd, marking Paramount Group's entry into the Islamic debt capital market.

Pramaount said the perpetual bonds provided it with access to capital to fund its growth plans, while the Sukuk would finance the building of the KDU University College campus at Utropolis in Glenmarie, Shah Alam.

The deals were put together by Hong Leong Investment Bank Bhd, OCBC Bank (Malaysia) Bhd, OCBC Al-Amin Bank Bhd and RHB Investment Bank.

Tags / Keywords: News, Business, Property and education group, Paramount Corporation, private debt securities, Business


  1. Nearly RM1b Langat 2 water treatment plant awarded to Salcon-MMC-AZRB JV (Update)
  2. Too few attending to last will and testament
  3. MAS share price cheapest in 12 years, makes it attractive for privatisation
  4. Another China developer flocks to Iskandar, plans RM10bil projects
  5. Car ownership in M’sia third highest in the world: Nielsen
  6. Eastspring Investments launches target income fund
  7. Four in 5 parents wished they had saved earlier for education
  8. MAS privatisation will cost Khazanah RM1.18bil
  9. Don't fear trade pacts as overall M'sia will benefit
  10. AirAsia Group says will move into KLIA2 by May 9 (Update)