E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers L > Headlines for LBS Bina Group Bhd. > News item
Published on 11/8/2005 in the Prospect News Emerging Markets Daily.

Malaysia's LBS Bina plans to issue RM 165 million of new paper

By Reshmi Basu

New York, Nov. 8 - Property developer LBS Bina Group Bhd. said it has received approval from the Malaysian Securities Commission to issue RM 165 million of new securities.

The proposal includes RM 65 million of secured serial bonds and up to RM 100 million of commercial paper.

Proceeds from the sale will be used to redeem the outstanding term loan facility granted by Affin Bank Bhd. and AmMerchant Bank Bhd. and for working capital requirements.

Affin Bank and AmMerchant Bank are joint lead arrangers.


© 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.