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Sunway Bhd Announces Issuance Of Commercial Papers And/or Medium Term Notes


Sunday, 27 Oct 2013 08:00pm EDT 

Sunway Bhd announced that the Company had received authorisation from the Securities Commission (SC) to establish a commercial paper/medium term note programme for the issuance of commercial papers (CPs) and/or medium term notes (MTNs) of up to MYR2.0 billion in nominal value (“CP/MTN Programme”) via SC’s letter dated October 25, 2013. he proceeds raised from the issuance of the Notes shall be utilised for the following purposes: to repay all amounts outstanding under the Issuer’s existing commercial paper/medium term note programme of up to RM500.0 million in nominal value unless the same has been partly or fully repaid; to utilise RM30,000 to fund the Trustee’s Reimbursement Account as required under the SC’s Trust Deed Guidelines; to finance the investment activities, capital expenditure, working capital requirements and/or other general corporate purposes (including but not limited to future operating expenses and financing expenses i.e. the fees and expenses relating to the proposed CP/MTN Programme) of the Issuer and/or its subsidiaries and/or its jointly controlled entities; and to repay existing/future borrowings undertaken by the Issuer and/or its subsidiaries. 

Company Quote

3.53
0.01 +0.28%
4:58am EDT