KUALA LUMPUR (Nov 1): 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.
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.
The offerings are part of the RM15 billion sukuk wakalah programmes that IHH said in September that PHSB was setting up.
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.
IHH's shares rose by three sen or 0.4% to RM7.28 on Friday, valuing the group at RM64.14 billion.