Malaysia's Affin Holdings drops plans for RM 240 million MTN issuance

New York, Sept. 12 - Affin Holdings Bhd. said it has decided not to go ahead with a planned RM 240 million issuance of medium-term notes.

The company said it has sufficient funds to repay its existing RM 240 million of guaranteed redeemable bonds so has no need to sell MTNs.

Originally the deal, which would have been the second under the MTN program, was scheduled for Sept. 19.

Affin Holdings is a Kuala Lumpur, Malaysia-based financial services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.