Benalec proposes RM200m convertible bonds to fund reclamation


KUALA LUMPUR: Benalec Holdings Bhd has proposed to issue up to RM200mil convertible bonds, of which RM146mil would be use for land reclamation projects.

The company said on Friday it planned to issue up to RM200mil nominal value of seven-year redeemable convertible secured bonds.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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