YNH is pleased to announce that the Company had on 30 July 2020 completed an issuance of RM87 million in nominal value of perpetual securities under its RM750 million unrated perpetual securities issuance programme. This issuance followed the Company’s inaugural issuance of RM263 million in nominal value of perpetual securities in August 2019 from the same programme.

This perpetual securities has no maturity date, and is redeemable by YNH at its option at the end of 5 years after issuance and on each semi-annual coupon payment date thereafter. It carries a semi-annual coupon rate of 6.85% p.a. for the first 5 years.

The proceeds from this issuance will be utilized by the Company and/or is subsidiaries, associated companies and/or jointly controlled entities (“YNH Group”) for the following:-

1. The YNH Group’s investment (including amongst others, purchase of lands, buildings, property and/or shares; and/or payment into joint ventures); and/or
2. The YNH Group’s capital expenditure and working capital

CIMB Investment is the Principal Adviser and Lead Arranger for the RM750 million Perpetual Securities Programme, and the Lead Manager for this issuance of the perpetual securities.

This announcement is dated 30 July 2020.