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Malaysia's IGB to sell up to RM400 million bonds
New York, July 30 - IGB Corp. Bhd said it plans to issue up to RM400 million redeemable secured bonds through its Euro Bonanza Sdn Bhd subsidiary.
The bonds will sold as a bought deal through United Overseas Bank (Malaysia) Bhd and OCBC Bank (Malaysia) Bhd. Pricing is expected in September.
IGB will divide the deal into two tranches, one of RM285 million and one of RM115 million.
The maturity will be between two and 10 years.
Security for the debt will be a five-story shopping mall with a three-level basement parking garage and surface parking lot known as Mid Valley Megamall and cashflows from the mall.
IGB is a Kuala Lumpur, Malaysia, real estate company.
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