IOI Investment says nearly half of noteholders tendered 4 3/8% notes

Chicago, Oct. 28 – IOI Investment (L) Bhd. announced that noteholders tendered $295,218,000 of the $600 million outstanding 4 3/8% notes due 2022 (ISIN: XS0792911298), according to an announcement.

The company has decided to accept all of the tendered notes for purchase.

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

The company was offering to pay $1,023 per $1,000 note, plus interest to the settlement date.

IOI was conducting a related sale of new notes, with settlement of the new notes a condition of the tender offer.

The offer ended at 11 a.m. ET on Oct. 27.

Settlement is planned for Nov. 9.

After settlement, there will be $304,782,000 of the notes outstanding.

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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