Malaysia’s Mudajaya Ventures extends 7% notes by one year to 2020

By Marisa Wong

Los Angeles, Dec. 30 – Mudajaya Ventures Ltd. extended the maturity date of its $60 million 7% notes guaranteed by parent company Mudajaya Group Bhd. issued in December 2016.

The notes will now mature on Dec. 28, 2020, extended from Dec. 28, 2019.

Mudajaya Ventures partially redeemed the notes simultaneously with the extension, according to a notice. The issuer redeemed $20 million of the notes on Dec. 27.

Mudajaya is a property developer based in Petaling Jaya, Malaysia.

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