By Marisa Wong
Madison, Wis., Dec. 27 - Adventa Bhd. issued RM 30 million of Islamic medium-term notes on Tuesday, according to an announcement by Maybank Investment Bank Bhd.
The notes, which have a tenor of five years, were issued under the company's up to RM 150 million Islamic paper and Islamic MTN program announced in May 2011. The company issued RM 70 million of sukuk in July.
Maybank Investment Bank is the adviser, lead arranger and lead manager for the program, which is guaranteed by Maybank Islamic Bhd.
As previously reported, proceeds will be used to finance working capital requirements, investments or capital expenditure and to refinance borrowings.
Based in Kota Bharu, Malaysia, Adventa manufactures and distributes medical products and devices.
| Issuer: | Adventa Bhd.
|
| Issue: | Islamic medium-term notes
|
| Amount: | RM 30 million
|
| Maturity: | Five years
|
| Agent: | Maybank Investment Bank Bhd.
|
| Settlement date: | Dec. 27
|
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