Chin Hin Group Property establishes RM500m perpetual notes programme

• In a Bursa Malaysia filing on Friday, Chin Hin Group Property said it had made a lodgement regarding the programme with the Securities Commission (SC) under its Guidelines on Unlisted Capital Market Products, under the Lodge and Launch Framework (SC LOLA).

KUALA LUMPUR (Nov 22): Chin Hin Group Property Bhd (KL:CHGP) has established a RM500 million perpetual notes programme.

In a Bursa Malaysia filing on Friday, Chin Hin Group Property said it had made a lodgement regarding the programme with the Securities Commission (SC) under its Guidelines on Unlisted Capital Market Products, under the Lodge and Launch Framework (SC LOLA).

It said information and documents in relation to the perpetual notes programme had been lodged with the SC on Thursday (Nov 21).

“The proceeds raised from the perpetual notes shall be utilised for capital expenditures, refinancing of financing or borrowings, working capital, and other general corporate purposes.

“Besides, it will also be used to defray fees, costs and expenses relating to the establishment or issuances under the Perpetual Notes Programme (including deposit of RM100,000) into the trustee’s reimbursement account,” it said.

Chin Hin Group Property added that United Overseas Bank (Malaysia) Bhd is the perpetual notes programme’s principal adviser, lead arranger, lead manager and facility agent.

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