Malaysia's Perisai sets up S$700 million multicurrency MTN program

By Marisa Wong

Madison, Wis., Aug. 20 - Perisai Petroleum Teknologi Bhd. announced that its wholly owned subsidiary, Perisai Capital (L) Inc., established a S$700 million multicurrency medium-term note program on Aug. 19.

Credit Suisse (Singapore) Ltd. is the arranger.

Proceeds from notes issued under the program will be used for general corporate purposes, to finance potential acquisitions, expansion, general working capital, capital expenditure and investments and to refinance existing borrowings.

Perisai is a Kuala Lumpur-based company engaged in the manufacture, supply, commissioning and installation of corrosion control products for marine and oil and gas industries.

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