PROPOSED ISLAMIC COMMERCIAL PAPERS ("ICP") PURSUANT TO AN ICP PROGRAMME AND PROPOSED ISLAMIC MEDIUM TERM NOTES ("IMTN") PURSUANT TO AN IMTN PROGRAMME (COLLECTIVELY, THE ICP PROGRAMME AND IMTN PROGRAMME ARE REFERRED TO AS "SUKUK PROGRAMMES"), WITH A COMBINED LIMIT OF UP TO RM1.5 BILLION IN NOMINAL VALUE FOR THE SUKUK PROGRAMMES AND A SUB-LIMIT OF RM500.0 MILLION IN NOMINAL VALUE FOR THE ICP PROGRAMME, BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT) (COLLECTIVELY, THE ICP AND IMTN ARE REFERRED TO AS THE “SUKUK MURABAHAH”)
Reference is made to the Company’s earlier announcement dated 20 November 2014 in relation to the Sukuk Programmes.
The Board of KPJ wishes to announce that Point Zone (M) Sdn Bhd, a wholly-owned subsidiary of the Company, has made its first issuance of RM800.0 million IMTN under the Sukuk Programmes (“First Issue”).
Proceeds raised from the First Issue shall be utilised for Shariah-compliant purposes including to refinance / partially refinance its existing outstanding facilities, including the Bridging Loan Facility and to advance to the Company to finance the working capital requirements of the KPJ group’s healthcare and healthcare related businesses.
