Singapore's Midas sets roadshow for possible offering of notes

By Christine Van Dusen

Atlanta, Oct. 3 - Singapore's Midas Holdings Ltd. will set out on Oct. 7 for a roadshow to market a possible offering of notes, a market source said.

The company previously announced the establishment of a S$500 million multicurrency medium-term note program with DBS Bank and HSBC.

Proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing acquisitions, investments and working capital and capital expenditure requirements.

The roadshow will take place in Hong Kong and Singapore.

Midas is a Singapore-based manufacturer of aluminum alloy extruded products for the rail transportation sector.

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