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KPJ TO RAISE RM500MIL FOR PROJECTS

KUALA LUMPUR: KPJ Healthcare Bhd has launched its Islamic commercial papers/Islamic medium-term notes (ICP/IMTN) programme to raise RM500mil to finance hospital and healthcare projects.

04-05-2011

KUALA LUMPUR: KPJ Healthcare Bhd has launched its Islamic commercial papers/Islamic medium-term notes (ICP/IMTN) programme to raise RM500mil to finance hospital and healthcare projects.

Affin Investment Bank Bhd has been appointed by Point Zone Sdn Bhd, a wholly-owned subsidiary of KPJ, as principal adviser and lead arranger for the programme.

“KPJ Group is optimistic of its future prospects as there is a growing demand for healthcare services in the country and from abroad.

“Malaysia is a popular medical tourism destination for developed countries,” said managing director Datin Paduka Siti Sa’diah Sheikh Bakir in a statement yesterday.

Meanwhile, Affin Investment managing director Maimoonah Hussain said the corporate bond market would continue to assume a crucial role in private sector financing, especially to facilitate the massive funding required under the 10th Malaysia Plan.

“This ICP/IMTN programme demonstrates our commitment to play an active role in financial and capital markets especially in the offering of Islamic financing instruments,” she said.

Being rated RAM P1 and AA3, it provided competitive pricing which can lower financing costs and increase return on shareholders’ fund, Maimoonah pointed out. – Bernama



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