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Malaysia's AEON Credit Service gets OK for RM 200 million MTN program
By Marisa Wong
Madison, Wis., Dec. 22 - AEON Credit Service (M) Bhd. plans to issue up to RM 200 million of notes under a medium-term note program. The company received approval for the program from the Malaysia Securities Commission on Dec. 16.
The program will have a tenor of up to six years. Notes issued under the program will have maturities of one to five years.
Bank of Tokyo-Mitsubishi UFJ (Malaysia) Bhd. is the lead arranger of the program.
The first series of notes will be issued within two years.
Proceeds will be used for refinancing and for working capital purposes.
The financial services company is based in Kuala Lumpur, Malaysia.
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