By Marisa Wong
Madison, Wis., Feb. 25 - Media Chinese International Ltd. announced it made its first issuance of medium-term notes, totaling RM 450 million, under its up to RM 500 million MTN program on Tuesday.
The company launched the 15-year MTN program with CIMB Investment Bank Bhd., Maybank Investment Bank Bhd. and OCBC Bank (Malaysia) Bhd. as the joint principal advisers, joint lead arrangers, joint bookrunners and joint lead managers, according to a Dec. 30 announcement.
Proceeds will be used for investments, capital expenditures, working capital requirements, refinancing of existing borrowings (conventional or Islamic) and general corporate purposes, as noted before.
RAM Rating Services Bhd. assigned an initial rating of AA1 to the program.
The Chinese language media platform is based in Petaling Jaya, Selangor, Malaysia. The company is dual listed on the Stock Exchange of Hong Kong Ltd. and Bursa Malaysia.
| Issuer: | Media Chinese International Ltd.
|
| Issue: | Medium-term notes
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| Amount: | RM 450 million
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| Arrangers: | CIMB Investment Bank Bhd., Maybank Investment Bank Bhd., OCBC Bank (Malaysia) Bhd.
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| Settlement date: | Feb. 25
|
| Rating: | RAM Rating Services: AA1
|
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