KPJ plans to raise up to RM1.5bil to refinance outstanding debt and to finance the expansion and working capital requirements of its healthcare and healthcare-related businesses.
PETALING JAYA: KPJ Healthcare Bhd
has received the authorisation from the Securities Commission for the proposed Islamic commercial papers (ICP) and Islamic medium-term notes (IMTN) with a combined limit of up to RM1.5bil.
According to a filing with Bursa Malaysia, the authorisation was given to its wholly-owned subsidiary, Point Zone (M) Sdn Bhd, to establish the sukuk programmes that shall be utilised to refinance the outstanding amount under the existing ICP or IMTN programme of up to RM500mil issued by Point Zone or under a bridging loan facility of up to RM450mil.
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