YTL Cement Bhd is planning a renounceable rights issue of up to RM490mil of irredeemable convertible unsecured loan stocks (ICULS).
The 10-year ICULS, bearing a coupon rate of 4%, stepping up to 6%, will be issued on the basis of RM1 nominal value of ICULS for every one existing 50-sen share in YTL Cement at an entitlement date to be determined later.
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