IOI Investment offers to purchase US$600m debt notes


IOI Corp also announced IOI Investment intends to issue a series of new notes under its US$1.50bil euro MTN programme subject to market conditions.

KUALA LUMPUR: IOI Corporation Bhd’s unit IOI Investment (L) Bhd has announced its plans to purchase its outstanding US$600mil 4.375% notes due 2022.

The notes are guaranteed by IOI Corp under the US$1.50bil euro medium term note programme.

“The offeror will pay (on the settlement date) for any otes validly tendered and accepted for purchase by it pursuant to the offer a purchase price of US$1,023 per US$1,000 of the nominal amount of such notes (the purchase price),” it said.

IOI Investment will also pay (on the settlement date) an accrued interest payment in respect of any notes accepted by it for purchase pursuant to the offer.

The final deadline for receipt of valid tender instructions is 4pm GMT on Oct 27.

IOI Corp also announced IOI Investment intends to issue a series of new notes under its US$1.50bil euro MTN programme subject to market conditions.

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