TSH Resources plans note, CP programs for up to RM 400 million

By Susanna Moon

Chicago, Sept. 5 - TSH Resources Bhd. said it is planning a sukuk ijarah commercial paper program for up to RM 100 million and a sukuk ijarah medium-term note program for up to RM 300 million.

The RM 100 million commercial paper program will run for seven years from the date of first issue, and the RM 700 million MTN will run for 15 years.

Proceeds will be used to refinance the company's RM 100 million program, for working capital and for capital expenditures.

OSK Investment Bank Bhd. is lead agent.

TSH Resources Berhad is a Petaling Jaya, Malaysia-based company engaged in investment holding, marketing of cocoa beans and the operation of a forest management unit.

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