Malaysia’s Magnum amends RM 1 billion medium-term note program

By Marisa Wong

Morgantown, W.Va., Nov. 30 – Magnum Bhd.’s wholly owned subsidiary, Magnum Corp. Sdn. Bhd., has amended its RM 1 billion medium-term note program established in August 2012, according to a Bursa Malaysia announcement.

The company sought to revise the terms and conditions of the program so that the MTNs can be transferrable and tradable.

The changes were subject to noteholders’ consent, which the company obtained through a special resolution in writing on Oct. 15.

CIMB Investment Bank Bhd., Hong Leong Investment Bank Bhd. and RHB Investment Bank Bhd. are the joint lead arrangers and joint lead managers of the 20-year program, as previously reported.

Magnum is an indirect subsidiary of Multi-Purpose Holdings Bhd., an investment holding company based in Kuala Lumpur, Malaysia.

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