In a statement on April 12, RHB InvestBank said the proceeds would be used by MSG partly to retire an existing debt programme of RM150 million, while the balance would be used to meet future capital expenditure and working capital requirements.
RHB InvestBank is the principal adviser/lead arranger and facility agent. “MSG is proud to be able to contribute to the development of the local debt capital markets via the notes issuance programme,” said MSG managing director Itsuo Umemoto.
RHB InvestBank chief executive officer Chay Wai Leong said the debt securities were in the form of short-term commercial papers with maturity of between one and 12 months as well as medium-term notes with maturity longer than 12 months and up to five years.
He said the notes would be guaranteed by a consortium of three Japanese banks with offices in Labuan, Mizuho Corporate Bank Ltd, The Bank of Tokyo-Mitsubishi UFJ Ltd and Sumitomo Mitsui Banking Corporation.
Read the entire news on the source link below.