Malaysia’s KPJ Healthcare Establishes USD 718.4 Million Sukuk Wakalah Programme

Malaysia-based KPJ Healthcare Berhad (KPJ) announced the establishment of a MYR 3 billion (USD 718.4 million) Sukuk Wakalah programme allowing the group to issue Islamic medium-term notes (Sukuk Wakalah) and Sustainability Sukuk Wakalah periodically. The group stated that its wholly-owned subsidiary, Point Zone (M) Sdn Bhd, has lodged the programme with the Securities Commission Malaysia on the 12th of January 2022.

Why it Matters?

The issuance aims to finance KPJ’s expansion activities, working capital requirements and general corporate purposes. All issuances shall follow the sustainable and responsible investment Sukuk framework under the Lodge and Launch (LOLA) guidelines, ASEAN Green Bond Standards (ASEAN GBS) and ASEAN Social Bond Standards (...