By Susanna Moon
Chicago, Dec. 30 – Country Garden Holdings Co. Ltd. said wholly owned subsidiary Country Garden Real Estate Sdn. Bhd. issued RM 115 million of two-year notes with a coupon of 6%.
The issue was the first tranche of the company’s RM 1.5 billion 20-year Islamic medium-term notes program, as announced Oct. 5, according to a company press release.
Proceeds will be used for general corporate purposes, including to finance present and future shariah-compliant investments and to finance shariah-compliant working capital and capital expenditure requirements.
CIMB Investment Bank Bhd., HSBC Amanah Malaysia Bhd. and Bank of China (Malaysia) Bhd. are the joint lead managers.
Country Garden is a Foshan, China-based real estate developer focused on large-scale residential communities. The subsidiary is based in Malaysia.
| Issuer: | Country Garden Real Estate Sdn. Bhd.
|
| Issue: | Islamic medium-term notes
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| Amount: | RM 115 million
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| Maturity: | Two years
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| Lead managers: | CIMB Investment Bank Bhd., HSBC Amanah Malaysia Bhd. and Bank of China (Malaysia) Bhd.
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| Co-manager: | Haitong International Securities Co. Ltd.
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| Coupon: | 6%
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| Settlement date: | Dec. 30
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