By Marisa Wong
Madison, Wis., Feb. 4 - Maxi-Cash Financial Services Corp. Ltd. said it issued S$20 million of variable-rate notes due 2017 on Tuesday.
This is the first series of notes to be issued under the company's S$300 million multicurrency medium-term note program established in October.
United Overseas Bank Ltd. is the lead manager, bookrunner and dealer for the notes.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing working capital and capital expenditure requirements.
The notes are expected to be listed on the Singapore Exchange Securities Trading Ltd. on Wednesday.
Based in Singapore, Maxi-Cash provides financial services in the form of pawnbroking.
| Issuer: | Maxi-Cash Financial Services Corp. Ltd.
|
| Issue: | Medium-term notes, series 1
|
| Amount: | S$20 million
|
| Maturity: | February 2017
|
| Coupon: | Variable
|
| Bookrunner: | United Overseas Bank Ltd.
|
| Settlement date: | Feb. 4
|
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