Malaysia's AEON Credit Service makes first drawdown under MTN program

By Marisa Wong

Madison, Wis., April 12 - AEON Credit Service (M) Bhd. said it has made an initial drawdown of RM 50 million under its six-year medium-term note program.

AEON Credit Service launched the MTN program in December. Notes issued under the program will have maturities of one to five years.

The company previously announced that the first series of notes would be issued within two years.

Bank of Tokyo-Mitsubishi UFJ (Malaysia) Bhd. is the lead arranger of the program.

As reported before, proceeds will be used for refinancing and working capital purposes.

The financial services company is based in Kuala Lumpur, Malaysia.

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