By Marisa Wong
Madison, Wis., Sept. 5 - Digistar Corp. Bhd. said its subsidiary, Indera Persada Sdn. Bhd., completed the issuance of RM 280 million of fixed-rate serial bonds on Thursday.
The bonds were issued in 11 tranches with maturities ranging between five and 15 years. Coupons ranged from 4% to 5%.
United Overseas Bank (Malaysia) Bhd. was the lead arranger.
Proceeds from this maiden issue will be used to finance construction costs for the Malaysian National Technology Advancement Centre at Alor Gajah, Melaka under a concession agreement with the Malaysian government.
RAM Ratings Services Bhd. assigned a long-term rating of AA1 to the bonds.
Digistar is a communications systems company based in Ampang, Selangor, Malaysia.
| Issuer: | Indera Persada Sdn. Bhd.
|
| Issue: | Fixed-rate serial bonds
|
| Amount: | RM 280 million
|
| Maturities: | Five to 15 years; final redemption on Sept. 5, 2028
|
| Coupons: | 4%-5%, payable semiannually
|
| Lead arranger: | United Overseas Bank (Malaysia) Bhd.
|
| Settlement date: | Sept. 5
|
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