By Marisa Wong
Los Angeles, March 24 – Hatten Land Ltd. said it issued RM 12.35 million of 8% one-year notes through MDSA Resources Sdn. Bhd. The notes are guaranteed by Hatten Land.
The notes will be issued under the company’s medium-term note program, replacing its RM 13.35 million of notes maturing on March 24, 2023. Proceeds from the new notes will be used to help repay in full the outstanding notes.
Kenanga Investment Bank Bhd. is the lead arranger and lead manager.
Hatten Land is a property developer based in Singapore with properties in Singapore and Malaysia.
| Issuer: | MDSA Resources Sdn. Bhd.
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| Guarantor: | Hatten Land Ltd.
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| Amount: | RM 12.35 million
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| Issue: | Medium-term notes
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| Maturity: | March 25, 2024
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| Manager: | Kenanga Investment Bank Bhd.
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| Coupon: | 8%
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| Call option: | In full or in part at 101
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| Announcement date: | March 24
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