OTHERS MULPHA INTERNATIONAL BHD (“MIB”) - Issuance of US$90,000,000 Nominal Amount of Fixed Rate Notes Due 2016 by Mulpha SPV Limited, a wholly-owned subsidiary of MIB
MULPHA INTERNATIONAL BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | MULPHA INTERNATIONAL BHD (“MIB”) - Issuance of US$90,000,000 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, has on 5 September 2014, issued US$90,000,000 Nominal Amount of Fixed Rate Notes due 2016 (“the Notes”). 2. Description of the Notes 3. Utilisation of Proceeds
(a) US$65,000,000 will be utilised for the redemption of Series 2 US$65,000,000 Zero Coupon Notes due on 10 September 2014; and 4. Effects of the Issuance of The Notes The issuance of the Notes will not have any effect on the issued and paid-up share capital and substantial shareholders’ shareholdings of MIB, and is not expected to have any material effect on the net assets of MIB Group for the financial year ending 31 December 2014. However, the issuance of the Notes is expected to marginally increase the borrowing cost of MIB Group. 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 5 September 2014. |
Announcement Info
Company Name | MULPHA INTERNATIONAL BERHAD |
Stock Name | MULPHA |
Date Announced | 5 Sept 2014 |
Category | General Announcement |
Reference No | MI-140905-FDCB9 |