By Marisa Wong
Madison, Wis., Dec. 20 - Paramount Corp. Bhd. announced that wholly owned subsidiary KDU University College Sdn. Bhd. issued a second tranche of Islamic medium-term notes totaling RM 18 million.
KDU established a sukuk program and issued an initial tranche of notes totaling RM 39 million on June 28, as previously reported.
Both tranches have a tenor of seven years.
Paramount announced in February 2013 that KDU planned to launch an up to RM 350 million sukuk program with Hong Leong Investment Bank Bhd., OCBC Al-Amin Bank Bhd. and RHB Investment Bank Bhd. as the joint lead arrangers and joint lead managers.
Paramount is a property development company based in Petaling Jaya, Malaysia. The private college is also based in Petaling Jaya.
| Issuer: | KDU University College Sdn. Bhd.
|
| Issue: | Islamic medium-term notes, second issue
|
| Amount: | RM 18 million
|
| Maturity: | Seven years
|
| Settlement date: | Dec. 20
|
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