By Marisa Wong
Morgantown, W.Va., April 20 – mm2 Asia Ltd. said it priced S$50 million of 7% three-year notes at par.
The series 001 notes will be issued under the company’s recently established $300 million guaranteed multicurrency medium-term note program.
HSBC (Singapore Branch), Standard Chartered Bank and Haitong International Securities (Singapore) are the joint lead managers and joint bookrunners.
Proceeds will be used to refinance existing borrowings, to make investments or acquisitions, for general working capital and for corporate purposes.
mm2 is a Singapore-based media and entertainment company. It produces content for television and the internet, owns movie theaters, promotes concerts and produces events.
| Issuer: | mm2 Asia Ltd.
|
| Issue: | Senior fixed-rate notes, series 001
|
| Amount: | S$50 million
|
| Maturity: | Three years
|
| Bookrunners: | HSBC (Singapore Branch), Standard Chartered Bank and Haitong International Securities (Singapore)
|
| Coupon: | 7%
|
| Price: | Par
|
| Yield: | 7%
|
| Change-of-control put: | Yes
|
| Announcement date: | April 20
|
| Settlement date: | April 27
|
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