IHH has applied for approval to the Singapore Exchange Securities Trading Ltd (SGX-ST) for a US$2 billion multicurrency bonds issuance.

KUALA LUMPUR: IHH Healthcare Bhd’s unit, Parkway Pantai Ltd, has issued a US$2 billion multicurrency bonds to refinance its debts and to grow its business.

In an exchange filing today, the healthcare operator, of which Khazanah Nasional Bhd owns 41 per cent, said the programme will allow Parkway to issue notes or perpetual securities denominated in any currency agreed between the issuer and the relevant dealer.

“The maximum aggregate nominal amount of all notes and perpetual securities from time to time outstanding under the programme will not exceed US$2 billion or its equivalent in other currencies calculated as described in the programme and may be issued on a continuing basis to one or more dealers,” it said.

IHH has applied for approval to the Singapore Exchange Securities Trading Ltd (SGX-ST) for this bond issuance.

On a separate note, the IHH noted its indirect unit Pantai Medical Centre Sdn Bhd has completed the proposed acquisition of a parcel of freehold land from YNH Property Bhd for a total consideration of RM63 million.

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