Dreamgate plans up to RM 200 million notes program

By Jennifer Chiou

New York, April 12 - Dreamgate Corp. Bhd. said its board has proposed an up to RM 200 million commercial paper and/or medium-term note program.

Proceeds from the unsecured seven-year program will go toward refinancing existing borrowings, for general working capital and investment purposes, as well as repaying issuance expenses.

Under the planned program, Dreamgate will have the option to issue commercial paper at a discount with tenors of up to 12 months and notes at par with tenors of one to seven years. Coupons will be paid semi-annually.

Aseambankers Malaysia Bhd. is the principal adviser and lead arranger.

Based in Pulau Pinang, Malaysia, Dreamgate is a manufacturer of security surveillance products and systems.

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