Date : 27 November 2013

OTHERS MULPHA INTERNATIONAL BHD (“MIB”) - Issuance of US$60,000,000 Nominal Amount of Fixed Rate Notes Due 2016 by Mulpha SPV Limited, a wholly-owned subsidiary of MIB

MULPHA INTERNATIONAL BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionMULPHA INTERNATIONAL BHD (“MIB”)
- Issuance of US$60,000,000 Nominal Amount of Fixed Rate Notes Due 2016 by Mulpha SPV Limited, a wholly-owned subsidiary of MIB

1.             INTRODUCTION

The Board of Directors of MIB wishes to announce that Mulpha SPV Limited (“MSPV”), a wholly-owned subsidiary of MIB, had on 26 November 2013, issued US$60,000,000 Nominal Amount of Fixed Rate Notes due 2016 (“the Notes”).

2.       Description of the Notes

The Notes which are issued at an interest rate of 8.50% per annum payable semi-annually, are guaranteed by MIB and will mature on 26 November 2016. The Notes will be listed on the Labuan International Finance Exchange (LFX).

3.       Utilisation of Proceeds

The proceeds of US$60,000,000 from the issuance of the Notes will be utilised primarily to fund the subscription by MIB Group of its full entitlement under an underwritten 5 for 9 accelerated non-renounceable pro-rata entitlement offer of new fully paid ordinary stapled securities by Aveo Group Limited (formerly known as FKP Property Group), a 26.22% owned associate company of MIB, which is currently listed on the Australian Stock Exchange.

4.       Effects of the Issuance of The Notes

4.1     Share Capital and Substantial Shareholders’ Shareholdings

The issuance of the Notes will not have any effect on the issued and paid-up share capital and substantial shareholders’ shareholdings of MIB.

4.2     Earnings and Net Assets


The issuance of the Notes is not expected to have any material effect on the earnings and net assets of MIB Group for the financial year ending 31 December 2013.

5.       Directors’ and Substantial Shareholders’ Interests

None of the directors or substantial shareholders of MIB or persons connected with them has any interest, direct or indirect, in the issuance of the Notes.

This announcement is dated 27 November 2013.



Announcement Info

Company NameMULPHA INTERNATIONAL BERHAD  
Stock Name MULPHA    
Date Announced27 Nov 2013  
CategoryGeneral Announcement
Reference NoMI-131127-C69AD

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