IHH Healthcare Berhad has launched sukuk wakalah programmes worth up to RM15 billion through its subsidiary, Pantai Holdings, to raise funds for Shariah-compliant purposes.

The funds will be used for investments, acquisitions, capital expenditures, working capital, and refinancing of debt.

The programme includes the issuance of both Islamic commercial papers and medium-term notes, which will be denominated in ringgit and may be rated or unrated.

All proceeds from the programme will strictly adhere to shariah principles.

OCBC Al-Amin Bank Bhd has been appointed as the principal adviser, lead arranger, and shariah adviser for the sukuk programmes. — TMR