KUALA LUMPUR: KPJ Healthcare Bhd, via its unit Point Zone (M) Sdn Bhd, has issued Islamic medium-term notes of RM650 million in nominal value under its recently-established RM3 billion Sukuk Wakalah Programme.

       The private hospital group said proceeds from the issuance would be utilised to fund, among others, Shariah-compliant financing activities comprising the expansion, working capital requirements and general corporate purposes of its healthcare and healthcare-related businesses.

       In a filing with Bursa Malaysia today, it also said that the Sukuk Wakalah Programme had been assigned a final rating of AA-IS(CG) (stable) by Malaysian Rating Corporation Bhd.

       Maybank Investment Bank Bhd (Maybank IB) and OCBC Al-Amin Bank Bhd are the joint principal advisers, joint lead arrangers and the joint sustainability advisers for the Sukuk Wakalah Programme, while the joint lead managers are Affin Hwang Investment Bank Bhd, HSBC Amanah Malaysia Bhd, Maybank IB and OCBC Al-Amin Bank. - Bernama