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IHH Healthcare Bhd has issued its first RM4 billion sukuk to finance the acquisition of the 600-bed Island Hospital in Penang, marking one of Malaysia's largest unrated sukuk offerings this year. The issuance, arranged by OCBC, received strong support with a subscription rate exceeding four times the issuance size. This acquisition enhances IHH's position in the medical tourism sector, adding to its portfolio of 18 hospitals in Malaysia.
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