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Capitamalls Malaysia Trust Establishes Medium Term Note Program Of Up To MYR 3 Billion
Capitamalls Malaysia Trust announced that on June 6, 2012, the Company received approval from the Securities Commission (SC) vide its letter dated June 5, 2012 to establish a 20-year MTN Program of up to MYR 3.0 billion in nominal value, pursuant to which rated/unrated Medium Term Notes (MTNs) may be issued from time to time. The net proceeds from the issue of the MTNs (after deducting issue expenses) will be utilized to refinance existing borrowings and to finance investments, capital expenditure, asset enhancement initiatives and working capital of CMMT.
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