Malaysia's Media Prima plans RM 500 million of seven-year paper, MTN

By Marisa Wong

Madison, Wis., Nov. 28 - Media Prima Bhd. proposed a RM 500 million seven-year commercial paper and medium-term note program, according to a Bursa Malaysia announcement.

The company has mandated CIMB Investment Bank Bhd. and Maybank Investment Bank Bhd. as joint principal advisers, joint lead arrangers and joint lead managers.

The Securities Commission Malaysia approved the program on Nov. 27, the announcement said.

Proceeds will be used for investments, capital expenditure, working capital and general corporate purposes.

Media Prima is an integrated media investment group based in Petaling, Selangor, Malaysia.

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