IOI Investment begins cash tender offer for all 4 3/8% notes due 2022

Chicago, Oct. 18 – IOI Investment (L) Bhd. started a cash tender offer for any or all of its $600 million outstanding 4 3/8% notes due 2022 (ISIN: XS0792911298), according to an announcement.

The notes were guaranteed by IOI Corp. Bhd. and were issued under the $1.5 billion euro medium-term note program.

The company is offering to pay $1,023 per $1,000 note.

Interest will also be paid to the settlement date.

IOI is conducting a related sale of new notes.

Priority allocation for the new notes may be given to tendering noteholders.

Tender instructions must be received by 11 a.m. ET on Oct. 27.

Settlement is planned for Nov. 3.

The dealer managers are Credit Suisse (Singapore) Ltd. (+852 2101 7700, +65 6212 8226, list.hkdcmsyndicate@credit-suisse.com), SMBC Nikko Securities (Hong Kong) Ltd. (+852 3716 7700, DCM.SSEA@smbcnikko-hk.com) and Standard Chartered Bank (Singapore) Ltd. (+65 6557 8286, +44 20 7885 5739, +852 3983 8658, liability_management@sc.com).

D.F. King & Co., Inc is the information and tender agent for the offer (+44 20 7920 9700, +852 3953 7208, ioi@dfking.com).

IOI is a Putrajaya, Malaysia-based palm oil production and property conglomerate.

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