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Establishment of a Medium Term Note Programme of up to RM3.0 Billion in Nominal Value ("MTN Programme") By CMMT MTN Berhad (formerly Known as Accord Arena Sdn. Bhd. and CMMT MTN Sdn. Bhd.)

BackJun 08, 2012
Date Announced : 08/06/2012  



Type : Announcement
Subject :
OTHERS

Description :
CAPITAMALLS MALAYSIA TRUST (“CMMT”)
- ESTABLISHMENT OF A MEDIUM TERM NOTE PROGRAMME OF UP TO RM3.0 BILLION IN NOMINAL VALUE (“MTN PROGRAMME”) BY CMMT MTN BERHAD (FORMERLY KNOWN AS ACCORD ARENA SDN. BHD. AND CMMT MTN SDN. BHD.)
   
 

Announcement Details/Table Section :

 

 

1.         Introduction

The Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd., the Manager of CMMT is pleased to announce that CMMT MTN Berhad (formerly known as Accord Arena Sdn. Bhd. and CMMT MTN Sdn. Bhd.) (the “Issuer”), via Maybank Investment Bank Berhad as the Principal Adviser/Lead Arranger, had on 6 June 2012, received approval from the Securities Commission (“SC”) vide its letter dated 5 June 2012 to establish a 20-year MTN Programme of up to RM3.0 billion in nominal value, pursuant to which rated/unrated Medium Term Notes (“MTNs”) may be issued from time to time.

2.         Details of the MTN Programme

The Issuer, beneficially owned by CMMT, is a special purpose vehicle incorporated specifically for the purpose of raising financing on behalf of CMMT through the issuance of the MTNs under the MTN Programme.

The net proceeds from the issue of the MTNs (after deducting issue expenses) will be utilized to refinance existing borrowings and to finance investments, capital expenditure, asset enhancement initiatives and working capital of CMMT. The Issuer will also be allowed to use the proceeds to refinance maturing MTNs on their respective maturity dates subsequent to the first issuance.

This announcement is dated 8 June 2012.