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Malaysia's Hong Leong may sell RM 600 million of notes at par or less
By Susanna Moon
Chicago, May 18 - Hong Leong Industries Bhd. said it plans to issue up to RM 600 million of debt under a medium-term note program.
Hong Leong said the tenor of the program will be seven years from the date of the first issue, which will be made within two years from the date of Securities Commission's approval.
The notes will be sold at par or at a discount and will have a maturity of between one year and seven years.
Proceeds will be used for working capital and investment purposes.
The notes will be issued via private placement to OCBC Bank (Malaysia) Bhd.
OCBC Bank (Malaysia) Bhd. is the principal adviser and lead arranger.
The issuer is a Kuala Lumpur-based financial services provider.
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