KPJ Healthcare issues RM555mil sustainability sukuk wakalah

KUALA LUMPUR: KPJ Healthcare Bhd via wholly owned subsidiary Point Zone (M) Sdn Bhd has issued its inaugural sustainability sukuk wakalah of RM555 million in nominal value in accordance with KPJ’s sustainability sukuk framework.

A filing with Bursa Malaysia said proceeds from the issuance would be utilised to finance or refinance eligible capital expenditures and working capital, existing borrowings, operating expenses and other expenses related to the group’s new or existing healthcare assets, businesses, projects and products.

The sukuk wakalah programme’s rating of AA-IS(CG) (stable) was affirmed by MARC Ratings Bhd in November 2022, the filing said.

Maybank Investment Bank Bhd (Maybank IB) and OCBC Al-Amin Bank Bhd are the joint principal advisers, joint lead arrangers and joint sustainability structuring advisers for the sukuk programme, the filing said.

The joint lead managers are Affin Hwang Investment Bank Bhd, HSBC Amanah Malaysia Bhd, Maybank IB and OCBC Al-Amin. - Bernama

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