MISC unit to undertake GMTN programme of up to US$3bil


KUALA LUMPUR: MISC Bhd's wholly-owned unit, MISC Capital Two (Labuan) Ltd, has lodged with the Securities Commission Malaysia (SC) the relevant information and documents in respect of the issuance of Global Medium Term Note (GMTN) programme of up to US$3.0 billion (US$1= RM4.18) in nominal value.

In a filing with Bursa Malaysia today, MISC said the GMTN programme would provide the group the flexibility to raise medium- to long-term funding to meet its business funding requirements as and when required, including capital structure optimisation, general capital expenditure, working capital, and refinance existing borrowings.

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