By Marisa Wong
Madison, Wis., June 23 – Paramount Corp. Bhd. announced that wholly owned subsidiary KDU University College Sdn. Bhd. issued a third tranche of Islamic medium-term notes, totaling RM 21.6 million, under its RM 350 million sukuk program on Monday.
The sukuk have a tenor of seven years.
Hong Leong Investment Bank Bhd., OCBC Al-Amin Bank Bhd. and RHB Investment Bank Bhd. are the joint lead arrangers and joint lead managers for the sukuk program that was established in February 2013.
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
|
| Amount: | RM 21.6 million
|
| Maturity: | Seven years
|
| Settlement date: | June 23
|
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