OTHERS MULPHA INTERNATIONAL BHD ("MIB") (I) Issuance of US$70,000,000 Nominal Amount of Fixed Rate Notes Due 2020 by Mulpha MTN Limited, an indirect wholly-owned subsidiary of MIB; and (II) Redemption of US$90,000,000 Nominal Amount of Fixed Rate Notes Due 2019 issued by Mulpha SPV Limited, a wholly-owned subsidiary of MIB
| MULPHA INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | MULPHA INTERNATIONAL BHD ("MIB")
(I) Issuance of US$70,000,000 Nominal Amount of Fixed Rate Notes Due 2020 by Mulpha MTN Limited, an indirect wholly-owned subsidiary of MIB; and
(II) Redemption of US$90,000,000 Nominal Amount of Fixed Rate Notes Due 2019 issued by Mulpha SPV Limited, a wholly-owned subsidiary of MIB |
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We refer to our announcement dated 4 December 2017 in relation to the issuance of the Series 6 Notes and redemption of Series 5 Notes, and wish to furnish the following additional information on its effects on the gearing of the Mulpha International Bhd group of companies (“MIB Group”):- Based on the MIB Group’s audited consolidated financial statements for the financial year ended 31 December 2016 and assuming that the issuance of Series 6 Notes and redemption of Series 5 Notes had occurred on 31 December 2016, the gearing ratio would reduce from 46% to 45%. The gearing ratio represents Net Debt divided by the sum of Capital and Net Debt. 'Net Debt' includes Loans and Borrowings, Trade and Other Payables, less Cash and Cash Equivalents. 'Capital' includes Equity attributable to the Owners of the Parent less Capital Reserves.
This announcement is dated 5 December 2017. |
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Announcement Info
| Company Name | MULPHA INTERNATIONAL BERHAD |
| Stock Name | MULPHA |
| Date Announced | 05 Dec 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05122017-00074 |
