By Marisa Wong
Madison, Wis., Feb. 6 - Paramount Corp. Bhd. said it issued RM 50 million of perpetual private debt securities on Thursday.
The securities are callable beginning five years after the issue date.
This is the first tranche to be issued under Paramount's RM 200 million perpetual private debt securities program established in January 2013.
Hong Leong Investment Bank Bhd., OCBC Bank (Malaysia) Bhd. and RHB Investment Bank Bhd. are the joint lead arrangers and joint lead managers for the program.
Paramount is a Petaling Jaya, Selangor, Malaysia-based investment holding company with interests in property development, construction and educational services.
| Issuer: | Paramount Corp. Bhd.
|
| Issue: | Perpetual private debt securities
|
| Amount: | RM 50 million
|
| Maturity: | Perpetual
|
| Call option: | Beginning five years after issue date
|
| Settlement date: | Feb. 6
|
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