By Marisa Wong
Morgantown, W.Va., May 2 – Paramount Corp. Bhd. wholly owned subsidiary KDU University College Sdn. Bhd. issued RM 24.89 million of Islamic medium-term notes under its RM 200 million sukuk program on Wednesday.
The sukuk have a seven-year tenor, according to a Bursa Malaysia announcement.
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 24.89 million
|
| Maturity: | Seven years
|
| Settlement date: | May 2
|
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