Business News

Published: Tuesday February 19, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 12:32:19 AM

Columbia Asia to use sukuk to finance capex

PETALING JAYA: Columbia Asia Sdn Bhd will be utilising the proceeds from its unrated Islamic Medium Term Notes Programme (sukuk) of RM300mil to partly finance its future capital expenditures, working capital requirements and for the redemption of its existing syndicated financing facility.

It said in a statement yesterday it was first time it was tapping the Sukuk market for its funding requirements. “The sukuk programme was issued in two tranches with maturities ranging from five to 10 years to the identified places on a private placement basis,” Columbia Asia said.

Bank Muamalat Malaysia Bhd and RHB Investment Bank Bhd were the joint principal advisers/joint lead arrangers/joint lead managers while RHB Islamic Bank Bhd was appointed as the joint lead managers and the syariah Adviser for the Sukuk programme.

Columbia Asia operates 23 hospitals in Malaysia, India, Vietnam and Indonesia. In Malaysia, it operates 10 hospitals with two more under development - Petaling Jaya and Klang - and scheduled to be completed by early 2015.

Tags / Keywords: News, Business, Business, columbia aisa, sukuk, facility

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