By Marisa Wong
Madison, Wis., July 31 - Boustead Holdings Bhd.'s wholly owned subsidiary, Mecuro Properties Sdn. Bhd., issued RM 900 million of bonds on July 31, according to an announcement by Affin Investment Bank Bhd.
As previously reported, Mecuro proposed to issue seven different classes of bonds - four classes of senior bonds and three classes of guaranteed bonds.
RAM Rating Services Bhd. assigned preliminary ratings of AAA, AA2 and A1 to the senior bonds and preliminary ratings of AAA(fg) and AA2(bg) to the guaranteed bonds, according to an announcement earlier this month.
The Securities Commission of Malaysia approved the issuance on June 22.
Kuala Lumpur, Malaysia-based Boustead has operations in the plantation, heavy industries, property, finance and investment, pharmaceutical and manufacturing and trading sectors.
| Issuer: | Mecuro Properties Sdn. Bhd.
|
| Issue: | Four classes of senior bonds and three classes of guaranteed bonds
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| Amount: | RM 900 million
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| Ratings: | RAM: AAA, AA2, A1 for senior bonds; AAA(fg) and AA2(bg) for guaranteed bonds
|
| Announcement date: | July 9
|
| Settlement date: | July 31
|
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