By Marisa Wong
Madison, Wis., Nov. 27 - Aeon Credit Service (M) Bhd. announced that it has issued a total RM 100 million of subordinated perpetual notes under its RM 400 million perpetual private debt securities program.
The company sold RM 14.75 million of perpetual notes on Nov. 20 and RN 85.25 million of perpetual notes on Nov. 27.
The notes have a distribution rate of 6½% prior to the first call date.
The notes are redeemable beginning five years after the issue date.
The Securities Commission approved the up to RM 400 million perpetual private debt securities program on Oct. 29.
Hong Leong Investment Bank Bhd. is the lead arranger for the perpetual private debt securities.
Aeon is a financial services company based in Kuala Lumpur.
| Issuer: | Aeon Credit Service (M) Bhd.
|
| Issue: | Subordinated perpetual notes
|
| Amount: | RM 100 million
|
| Maturity: | Perpetual
|
| Coupon: | 6½%
|
| Call: | Beginning five years after issue date
|
| Arranger: | Hong Leong Investment Bank Bhd.
|
| Settlement date: | Nov. 20 for RM 14.75 million, Nov. 27 for RM 85.25 million
|
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