KUALA LUMPUR: IHH Healthcare Bhd
’s indirect wholly-owned subsidiary, Pantai Holdings Sdn Bhd (PHSB), has lodged documents with the Securities Commission (SC) to establish sukuk wakalah programmes of up to RM15bil.
In a filing with Bursa Malaysia, IHH said it had lodged with the SC the required information and relevant documents in respect of the sukuk programmes, under the SC’s Guidelines on Unlisted Capital Market Products.
“The first issuance of the sukuk wakalah under the sukuk programmes shall be made within 90 business days from the lodgement date (or such other extended dates approved by the SC).”
IHH said the proceeds from the issuance of the Sukuk Wakalah under the sukuk programmes shall be utilised for Shariah-compliant purposes, including financing investments, capital expenditures, working capital, repaying existing loans and general corporate expenses.
OCBC Al-Amin Bank Bhd has been appointed as the sole principal adviser, the lead arranger, the lead manager, the facility agent, the Shariah adviser and the sustainability structuring adviser for the sukuk programmes,” it said.
