IHH Healthcare unit to issue up to U$2b multi-currency bonds

PETALING JAYA: IHH Healthcare Bhd's indirect wholly owned subsidiary Parkway Pantai Ltd has established a US$2 billion (RM8.58 billion) multi-currency bonds for the group's general corporate requirements.
Proceeds raised from the medium term note programme will also be used for the group's investments, working capital requirements, capital expenditure and refinancing its indebtedness.
On a separate note, the group said its indirect unit Pantai Medical Centre Sdn Bhd has completed the proposed acquisition of a parcel of freehold land, on which Pantai Hospital Manjung sits, from YNH Hospitality Sdn Bhd for RM63 million.

IHH's share price gained three sen or 0.5% to RM5.98, with 2.26 million shares changing hands. The group has a market capitalisation of RM49.3 billion.