Bursa Announcements

Date : 20 April 2022

OTHERS Sunway Berhad ("Sunway") - Establishment of a medium term note programme of up to RM3.0 billion in nominal value ("MTN Programme") by Sunway Treasury Sdn Bhd ("STSB"), an indirect wholly-owned subsidiary of Sunway

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
Sunway Berhad ("Sunway") 
- Establishment of a medium term note programme of up to RM3.0 billion in nominal value ("MTN Programme") by Sunway Treasury Sdn Bhd ("STSB"), an indirect wholly-owned subsidiary of Sunway

The Board of Directors of Sunway wishes to announce that STSB, a wholly-owned subsidiary of Sunway City Sdn Bhd which in turn is wholly-owned by the Company, has established a MTN Programme. STSB has on 20 April 2022, lodged with the Securities Commission Malaysia (“SC”), the required information and relevant documents pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework in relation to the issuance of the medium term notes (“MTNs”).

 

The MTN Programme shall have a tenure of ninety-nine (99) years from the date of first issuance of the MTNs. STSB will issue the MTNs in one or more tranches and its first tranche of up to RM500.0 million in nominal value (“Tranche 1 MTNs”) will be subscribed by Public Bank Berhad. The proceeds from Tranche 1 MTNs shall be utilised to finance and/or refinance STSB for any advances which STSB has granted or will grant to its related companies and subsidiary companies and/or to finance/reimburse capital expenditures and/or the working capital requirements of Sunway Group.

 

Public Investment Bank Berhad is the appointed Principal Adviser, Lead Arranger and Lead Manager for the MTN Programme.

 

This announcement is dated 20 April 2022.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 20 Apr 2022
Category General Announcement for PLC
Reference Number GA1-18042022-00057


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