KUALA LUMPUR, 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.
Source: BERNAMA News Agency
