ARTICLE ENTITLED : YTL POWER PLANS A BOND SALE NEXT MONTH
| YTL POWER INTERNATIONAL BHD |
|
Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | HY-030404-54091 |
| Subject | ARTICLE ENTITLED : YTL POWER PLANS A BOND SALE NEXT MONTH |
Contents :
We refer to the Exchange's letter of 4 April 2003 in relation to the article entitled "YTL Power Plans a Bond Sale Next Month" that appeared in The Asian Wall Street Journal on Friday, 4 April 2003.
We wish to advise the Exchange that it is YTL Power Generation Sdn Bhd, a wholly owned subsidiary of YTL Power International Berhad that is proposing to raise funds of RM1.3 billion from the private debt securities market. The principal purpose of the fund raising is to restructure its existing borrowings and to refinance part of its existing borrowings to take advantage of the attractive long term rates currently available in the debt markets.
Yours faithfully,
HO SAY KENG
Company Secretary
c.c. Securities Commission
Securities and Issues Department
Fax No. 03 - 6201 5213
Query Letter Contents :
We refer to the above article appearing in The Asian Wall Street Journal on
Friday, 4 April 2003, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"YTL Power International Bhd is planning to sell 1.3 billion ringgit ($342.1
million) of 6 to 10 year bonds next month."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported sentence after due and diligent
enquiry with all the directors, major shareholders and all such other persons
reasonably familiar with the matters about which the disclosure is to be made
in this respect. In the event you deny the above reported sentence, you are
required to set forth facts sufficient to clarify any misleading aspects of the
same. In the event you confirm the above reported sentence, you are required to
set forth facts sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
INDERJIT SINGH
Senior Manager, Listing Operations
WSW/THY
copy to: Securities Commission (via fax)
Announcement Info
| Company Name | YTL POWER INTERNATIONAL BHD |
| Stock Name | YTLPOWR |
| Date Announced | 7 Apr 2003 |
| Category | General Announcement |
| Reference No | YP-030407-14D28 |
