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OTHERS KPJ HEALTHCARE BERHAD (KPJ OR THE COMPANY): PROPOSED ESTABLISHMENT OF AN ISLAMIC MEDIUM TERM NOTES (SUKUK WAKALAH) PROGRAMME OF RM3.0 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR (SUKUK WAKALAH PROGRAMME), BY POINT ZONE (M) SDN BHD AND GUARANTEED BY THE COMPANY

KPJ HEALTHCARE BERHAD

Type Announcement
Subject OTHERS
Description
KPJ HEALTHCARE BERHAD (KPJ OR THE COMPANY):

PROPOSED ESTABLISHMENT OF AN ISLAMIC MEDIUM TERM NOTES (SUKUK WAKALAH) PROGRAMME OF RM3.0 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR (SUKUK WAKALAH PROGRAMME), BY POINT ZONE (M) SDN BHD AND GUARANTEED BY THE COMPANY

KPJ is pleased to announce that Point Zone (M) Sdn Bhd (“PZSB”), a wholly owned subsidiary of KPJ, has on 12 January 2022 completed the lodgement of the Sukuk Wakalah Programme with the Securities Commission Malaysia (“SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework issued by the SC on 9 March 2015 and revised on 22 November 2021 (as amended from time to time) (“LOLA Guidelines”).

 

The Sukuk Wakalah Programme allows for the issuance of Sukuk Wakalah from time to time, including issuances of Sukuk Wakalah which will be in compliance with, among others, the Sustainable and Responsible Investment Sukuk framework under the LOLA Guidelines, the ASEAN Green Bond Standards issued by the ASEAN Capital Markets Forum (“ACMF”),  the ASEAN Social Bond Standards issued by the ACMF, the ASEAN Sustainability Bond Standards issued by the ACMF and/or such other relevant guidelines, frameworks or standards in relation to sustainability / social / green bonds (“Sustainability Guidelines/Frameworks”), as well as the framework to be issued by the PZSB/KPJ in relation to the issuance of Sustainability Sukuk Wakalah (“Sustainability Sukuk Framework”) (“Sustainability Sukuk Wakalah”).

 

The proceeds of each Sukuk Wakalah issued under the Sukuk Wakalah Programme (“Sukuk Proceeds”) shall be utilised for Shariah-compliant purposes only.

 

The Sukuk Proceeds shall be utilised by the KPJ Group for its Shariah-compliant general corporate purposes, which shall comprise financing the expansion, working capital requirements and general corporate purposes of the KPJ Group’s healthcare and healthcare related businesses (including to finance/ refinance (in whole or in part), any existing borrowings/financings/corporate bonds/Sukuk issues and/or future Sukuk issues/Shariah-compliant financings incurred in relation thereto (together with all related fees, costs and expenses and the pre-funding of the relevant designated account(s))).

 

The issuance of Sustainability Sukuk Wakalah may be utilised for the purposes above provided that it shall meet the criteria of the eligible projects as set out in the Sustainability Sukuk Framework and the applicable Sustainability Guidelines/Frameworks under which such Sustainability Sukuk Wakalah are issued.

 

KPJ Group” means KPJ and its subsidiaries.

 

The Sukuk Wakalah Programme has been assigned a preliminary rating of AA-IS(CG) by Malaysian Rating Corporation Berhad.

 

Maybank Investment Bank Berhad and OCBC Al-Amin Bank Berhad (“OCBC Al-Amin”) are the Joint Principal Advisers and Joint Lead Arrangers for the Sukuk Wakalah Programme. The Joint Shariah Advisers for the Sukuk Wakalah Programme are Maybank Islamic Berhad and OCBC Al-Amin.

 

This announcement is dated 12 January 2022.






Announcement Info

Company Name KPJ HEALTHCARE BERHAD
Stock Name KPJ
Date Announced 12 Jan 2022
Category General Announcement for PLC
Reference Number GA1-12012022-00071




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