By Marisa Wong
Madison, Wis., Dec. 29 – Paramount Corp. Bhd. announced that wholly owned subsidiary KDU University College Sdn. Bhd. issued a fifth tranche of Islamic medium-term notes, totaling RM 15 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.
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| Issue: | Islamic medium-term notes
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| Amount: | RM 15 million
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| Maturity: | Seven years
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| Settlement date: | Dec. 29
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