www.theindonesiatoday.com -SINGAPORE (Indonesia Today) - First Resources
Limited, a company controlled by Indonesian family of Ciliandra
Fangiono, has issued RM600 million of Islamic medium term notes (IMTN).
The IMTN issued Tuesday, July 31, 2012 is part of the RM2 billion Ringgit-denominated Islamic medium term note program of First Resources.
The IMTNs have a tenor of five (5) years and will mature on 31 July
2017. The IMTNs were successfully priced on a “book build” basis and
will bear a periodic distribution rate of 4.45% per annum, payable
semi-annually in arrears. (source)
"The net proceeds raised from the IMTNs will be utilised for the
company’s general corporate purposes which are in compliance with
Shariah principles," First informed SGX this morning.
OSK Investment Bank Berhad, RHB Investment Bank Berhad, DMG &
Partners are arrangers of the Notes. (ferdi@thendonesiatoday.com)
Source: http://www.theindonesiatoday.com/finance/finance-photo/23190-first-resources-issues-rm600-million-islamic-notes.html - July 31, 2012
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