KUALA LUMPUR (July 18): CIMB Group Holdings Bhd s subsidiary CIMB Bank Bhd has proposed to issue US$20 million (about RM84.11 million) worth of bonds under CIMB Bank’s US$5 billion Euro Medium Term Note Programme (EMTN).
In a fling with Bank Negara Malaysia’s (BNM) Fully Automated System for Issuing/Tendering (FAST) website on Friday (July 16), CIMB Investment Bank Bhd, which is facilitating the bond sale, said CIMB Bank’s US$20 million scheme pays investors an interest rate of 1.35% a year.
CIMB Investment Bank said the five-year US$20 million scheme, which will be issued on Wednesday (July 21, 2021), will mature on July 21, 2026.
KUALA LUMPUR (May 6): Genting Malaysia Bhd s subsidiary GENM Capital Bhd will redeem bonds under the latter’s medium term notes (MTN) programme of up to RM5 billion next Tuesday (May 11) ahead of the RM5 billion MTN scheme s maturity date on March 31, 2022, according to facility agent Maybank Investment Bank Bhd.
According to Maybank’s filing with Bank Negara Malaysia’s (BNM) Fully Automated System for Issuing/Tendering (FAST) website, GENM Capital’s notice dated April 27, 2021 indicated the early redemption of the MTN under stock code number UI170047 next Tuesday ahead of the securities maturity date.
Maybank, which did not elaborate on the redemption value, also did not attach GENM Capital’s notice in the filing.
The group said this in a statement today, without disclosing what the outcome was.
MAG confirmed that MAB Leasing Ltd held a meeting with its creditors yesterday as part of its restructuring exercise, following the recent approval by the UK court for the group to proceed with the implementation of its scheme of arrangement.
The meeting, it said, saw MAB Leasing tabling the proposed scheme and recording the votes from its creditors consisting aircraft lessors.
For the scheme to be approved, a minimum of 75% of the aircraft operating lessors’ total money owed and 50% in number must vote in favour.
“The outcome of the creditor meeting will be reported back to the court for consideration by the judge at the sanction hearing set for Feb 22. Should the scheme be sanctioned by the court, it then becomes legally effective upon delivery of the court order,” said MAG.