By Marisa Wong
Madison, Wis., Nov. 27 - Mulpha International Bhd. said its wholly owned subsidiary, Mulpha SPV Ltd., issued $60 million of fixed-rate notes on Tuesday.
The three-year notes have a coupon of 8½%.
Proceeds will be used to fund Mulpha's subscription under an underwritten 5-for-9 accelerated non-renounceable pro-rata entitlement offer of ordinary stapled securities by Aveo Group Ltd., a 26.22% owned associate company of Mulpha.
The new notes will be listed on the Labuan International Finance Exchange.
Mulpha is a Petaling Jaya, Malaysia-based conglomerate that focuses on property development and investment, infrastructure and civil construction with operations in Malaysia, Vietnam and Australia.
| Issuer: | Mulpha SPV Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | $60 million
|
| Maturity: | Nov. 26, 2016
|
| Coupon: | 8½%
|
| Settlement date: | Nov. 26
|
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