Sunway unit sets up MTN programme


The conglomerate said in a filing with Bursa Malaysia that STSB would issue the MTNs in one or more tranches and its first tranche of up to RM500mil in nominal value would be subscribed by Public Bank Bhd.

PETALING JAYA: Sunway Bhd’s indirect wholly-owned subsidiary, Sunway Treasury Sdn Bhd (STSB), has established a medium-term note (MTN) programme with a tenure of 99 years from the date of the first issuance.

The conglomerate said in a filing with Bursa Malaysia that STSB would issue the MTNs in one or more tranches and its first tranche of up to RM500mil in nominal value would be subscribed by Public Bank Bhd.

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