<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 1): IHH Healthcare Bhd (KL:<a href="/askedge/klse/5225" class="ce-stock" target="_blank">IHH</a>) said its indirect wholly-owned subsidiary, Pantai Holdings Sdn Bhd (PHSB), has successfully issued RM4 billion worth of Islamic bonds.</p></div>

<div class=newsTextDataWrapInner><p>In the bourse filing, IHH said PHSB’s Islamic Commercial Papers (ICP), with a tenure of 364 days, were taken up at RM1 billion nominal value&nbsp; under private placement.</p></div>

<div class=newsTextDataWrapInner><p>Also taken up were PHSB’s RM2 billion Islamic Medium-Term Notes (IMTN) with a two-year tenure, and its RM1 billion three-year tenure offering.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The offerings are part of the RM15 billion sukuk wakalah programmes that IHH said in September that PHSB was setting up.</p></div>

<div class=newsTextDataWrapInner><p>At the time, IHH said proceeds from the issuance will be used for shariah-compliant purposes, including financing investments, capital expenditures, working capital, repaying existing loans and general corporate expenses. They will also be used to refinance both conventional and shariah-compliant debts.</p></div>

<div class=newsTextDataWrapInner><p>IHH's shares rose by three sen or 0.4% to RM7.28 on Friday, valuing the group at RM64.14 billion.</p></div>

<div class=newsTextDataWrapInner><p>Read also:<br />
<em><a href="https://theedgemalaysia.com/node/726388">IHH's unit to establish sukuk wakalah programmes of up to RM15 bil</a></em></p></div>


IHH Healthcare Bhd (KL:IHH) said its indirect wholly-owned subsidiary, Pantai Holdings Sdn Bhd (PHSB), has successfully issued RM4 billion worth of Islamic bonds.

In the bourse filing, IHH said PHSB’s Islamic Commercial Papers (ICP), with a tenure of 364 days, were taken up at RM1 billion nominal value  under private placement.

IHH's unit issues Islamic bonds totalling RM4 bil

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<p>On its website, SD Guthrie Bhd (KL:SDG) prides itself on being one of the world’s largest producers of certified sustainable palm oil. It has also been a member of the Roundtable on Sustainable Palm Oil since 2004.</p>

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