MALAYSIA: Sunway Healthcare Treasury has on the 19th January 2023 lodged with the Securities Commission Malaysia (SC) the information and documents related to a RM5 billion (US$1.17 billion) Islamic medium-term note Sukuk Wakalah program, a bourse filing confirmed.
The Sukuk program will provide flexibility for Sunway Healthcare to issue Sukuk which complies with any one or more of the guidelines, principles or frameworks, including the SC’s SRI Sukuk framework pursuant to the Lodge and Launch Framework, 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, the Green Bond Principles by the International Capital Market Association (ICMA), the Social Bond Principles by ICMA and the Sustainability Bond Principles by ICMA.
Proceeds raised from the Sukuk program shall be used for projects that meet the sustainability financing framework criteria.