PETALING JAYA: Sunway Healthcare Group has issued its inaugural rated sustainable sukuk amounting to RM400mil for hospital expansion in Malaysia, aiming for green building accreditation and a capacity of up to 3,000 beds by 2030.
The sukuk is based on the Islamic principles of Wakalah Bi Al-Istithmar.
Maybank Investment Bank Bhd (Maybank IB) is the sole principal adviser, lead arranger and sustainability structuring adviser as well as joint lead manager and facility agent, while Maybank Islamic Bhd is the syariah adviser of the transaction.
Sunway Healthcare president Datuk Lau Beng Long said in a statement the sukuk issuance is timely and has garnered strong interest, given its robust underlying credit profile and market’s familiarity as well as strong reputation in the healthcare sector, with a focus on sustainability.