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Malaysia's Delloyd buys back RM 50 million notes, cancels Islamic commercial paper, MTN program
By Jennifer Chiou
New York, June 10 - Delloyd Ventures Bhd. said it redeemed RM 50 million of its medium-term notes on Monday, adding that it canceled its RM 100 million Islamic commercial paper and medium-term note program.
The program was established in 2005 and was originally slated to have a tenor of up to seven years.
Bank Negara Malaysia approved the cancellation and notified Commerce International Merchant Bankers Bhd., the agent, according to a company release.
The issuer, based in Selangor Danul Ehsan, is an equipment manufacturer for major car manufacturers and assemblers in Malaysia.
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