UEM Edgenta to raise RM1 billion for expansion, capital rebalancing

PETALING JAYA: UEM Edgenta Bhd has signed an agreement for the issuance of RM1 billion sukuk programme financing to rebalance its capital and general corporate expansion.
The Islamic Commercial Papers (ICP Programme) and Islamic Medium Term Notes (IMTN Programme) have been assigned preliminary ratings of MARC-1IS/AA-IS by Malaysian Rating Corp Bhd with a stable outlook.
“This includes capital expenditure to push forward our new strategic focus in our three key business offerings encompassing consultancy, solutions and services in four distinct core business sectors, namely healthcare, infrastructure, real estate and water,” UEM Edgenta managing director and CEO Azmir Merican said in a statement yesterday.
UEM Edgenta has a long operating track record in the concession-based highway infrastructure services and hospital support services, and recently completed the acquisition of Asia Integrated Facility Solution Pte Ltd (AIFS).
AIFS wholly owns UEMS Pte Ltd, an integrated facilities management services provider operating in Singapore, Taiwan and Malaysia. It services major public and private healthcare entities and recently partnered with Microsoft Malaysia to further develop Smart Facilities Management Solutions.
HSBC Amanah Malaysia Bhd and Maybank Investment Bank Bhd are the joint lead arrangers and joint lead managers, together with CIMB Investment Bank Bhd as joint lead managers.