KUALA LUMPUR: CAHYA MATA SARAWAK BHD [] (CMSB) has issued RM400 million in bonds and preference shares to refinance the group borrowings and for working capital.
CMSB said on Wednesday, Dec 29 it had issued RM399.60 million bonds consisting of 400 fixed rate coupon bearing serial bonds of RM999,000 each.
As part of the corporate exercise, it also issued RM400,000 non-convertible redeemable preference shares, consisting of 400 NCRPS of RM1 each issued at RM1,000 each.
'The board of directors of CMSB wishes to announce that 80 of the said NCRPS have been redeemed on Dec 29, 2010. The redemption was effected out of profits and out of monies in the share premium account,' it said.
CMSB said on Wednesday, Dec 29 it had issued RM399.60 million bonds consisting of 400 fixed rate coupon bearing serial bonds of RM999,000 each.
As part of the corporate exercise, it also issued RM400,000 non-convertible redeemable preference shares, consisting of 400 NCRPS of RM1 each issued at RM1,000 each.
'The board of directors of CMSB wishes to announce that 80 of the said NCRPS have been redeemed on Dec 29, 2010. The redemption was effected out of profits and out of monies in the share premium account,' it said.
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