Islamic finance deal of the year – Malaysia: KPJ Healthcare’s RM555 million sustainability sukuk

Name of borrower: KPJ Healthcare

Name of borrower: KPJ Healthcare

Amount: RM555 million

Tenor: Five, seven, 10 years

Underwriter: HSBC Amanah, OCBC Bank

Date: May 13, 2023

KPJ Healthcare’s RM555 million ($116 million) sustainability sukuk is Malaysia’s Islamic finance deal of the year.

The transaction, which is the first sustainability sukuk in the country, attracted considerable interest. Demand was robust, with the deal being oversubscribed by 11.7 times. The final order book stood at RM5.3 billion, so the deal was upsized from the initial RM450 million to RM555 million.

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