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Maxi-Cash prices $36.8 mil worth of 6.05% notes due 2025

·1-min read

The notes will be fungible and will be consolidated into the company’s Series 003 notes.

Maxi-Cash, on Jan 18, announced that it was launched and priced $36.75 million worth of notes due 2025 under its $300 million multicurrency medium term note programme.

According to the company, the new launch comes following a reverse enquiry interest from its investors in relation to the $23.25 million Series 003 notes priced previously.

The SGD-denominated notes will carry a coupon of 6.05% per annum (p.a.).

The notes will be fungible and will be consolidated into the company’s Series 003 notes.

As a result, the first aggregate principal amount of the Series 003 notes to be issued will total $60 million, which includes the newly priced notes.

The Series 003 notes are expected to be issued on Jan 24, and will be issued at an issue price of 100% of their principal amount. They will come in denominations of $250,000 each.

CIMB Bank and DBS Bank were appointed joint lead managers and bookrunners to the additional notes.

Shares in Maxi-Cash closed at 17.1 cents on Jan 17.

Photo: Samuel Isaac Chua/The Edge Singapore

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