Maxi-Cash, on Jan 18, announced that it was launched and priced $36.75 million worth of notes due 2025 under its $300 million multicurrency medium term note programme.
According to the company, the new launch comes following a reverse enquiry interest from its investors in relation to the $23.25 million Series 003 notes priced previously.
The SGD-denominated notes will carry a coupon of 6.05% per annum (p.a.).
The notes will be fungible and will be consolidated into the company’s Series 003 notes.
As a result, the first aggregate principal amount of the Series 003 notes to be issued will total $60 million, which includes the newly priced notes.
The Series 003 notes are expected to be issued on Jan 24, and will be issued at an issue price of 100% of their principal amount. They will come in denominations of $250,000 each.
See also: Sembcorp issues $350 mil of guaranteed notes due 2036 at 3.65%
CIMB Bank and DBS Bank were appointed joint lead managers and bookrunners to the additional notes.
Shares in Maxi-Cash closed at 17.1 cents on Jan 17.
Photo: Samuel Isaac Chua/The Edge Singapore
