By Marisa Wong
Madison, Wis., Sept. 5 – Mulpha International Bhd.’s wholly owned subsidiary, Mulpha SPV Ltd., issued $90 million of 8% two-year fixed-rate notes on Friday, according to a Bursa Malaysia announcement.
Of the total proceeds, $65 million will be used to redeem the company’s $65 million series 2 zero-coupon notes due Sept. 20, 2014 and $25 million will be used for general investments, acquisitions, refinancing of existing borrowings or working capital.
Mulpha is a Petaling Jaya, Malaysia-based conglomerate that focuses on property development and investment, infrastructure and civil construction with operations in Malaysia, Vietnam and Australia.
| Issuer: | Mulpha SPV Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | $90 million
|
| Maturity: | Sept. 5, 2016
|
| Coupon: | 8%
|
| Settlement date: | Sept. 5
|
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