LATEST NEWS   Contract to host Malaysian MotoGP at Sepang International Circuit extended by five years until 2031 - Youth and Sports Minister | Malaysia must prepare its workforce for the AI era through better education, skills training and talent development - PM Anwar | Ant International’s decision to establish its global operations centre in Malaysia reflects growing confidence in the country’s strengths in technology, innovation and AI - PM Anwar | Technology, finance and innovation must create quality jobs, strengthen local industries, support businesses and improve access to affordable services - PM Anwar | Over 59,000 former PSD-sponsored students who graduated on or before Dec 31 2024 are eligible to apply for the Second Phase Academic PBU Option - PSD | 
BUSINESS • 30/10/2024 07:15 PM

IGB Proposes RM5 Bln Medium-term Notes Programme

KUALA LUMPUR, Oct 30 (Bernama) -- IGB Bhd has proposed to establish a medium-term notes (MTN) programme of RM5 billion in nominal value.

In a filing with Bursa Malaysia today, the property company said it has lodged with the Securities Commission Malaysia the required information and relevant documents for setting up the programme.

“The proceeds from the issuance of the MTNs will be utilised by the issuer to finance the general corporate purposes of the issuer and/or its subsidiary companies.

“This includes investment, capital expenditure, working capital requirements and/or to refinance and/or to repay the IGB’s existing financing, borrowings, corporate bonds or sukuk,” it said.

Public Investment Bank is the principal adviser, lead arranger and lead manager in respect of the MTN programme.

-- BERNAMA

 

 

More News

Categories

Tags