OTHERS YNH PROPERTY BHD ("YNH" OR THE "COMPANY") - UPDATE ON PERPETUAL SECURITIES ISSUANCE PROGRAMME - PRESS RELEASE : YNH PROPERTY OPTIMISES CAPITAL ALLOCATION; EXERCISES OPTION TO DEFER PERPETUAL SECURITIES COUPON
| YNH PROPERTY BERHAD |
| Type | Announcement | |||||||||
| Subject | OTHERS |
|||||||||
| Description | YNH PROPERTY BHD ("YNH" OR THE "COMPANY")
- UPDATE ON PERPETUAL SECURITIES ISSUANCE PROGRAMME
- PRESS RELEASE : YNH PROPERTY OPTIMISES CAPITAL ALLOCATION; EXERCISES OPTION TO DEFER PERPETUAL SECURITIES COUPON |
|||||||||
|
Reference is made to the Company’s previous announcements on 14 May 2019, 7 August 2019 and 30 July 2020 respectively in relation to the Perpetual Securities Issuance Programme of up to RM750.0 million in nominal value (“Perpetual Securities Programme”).
Pursuant to the Perpetual Securities Programme, the Company has issued the following Perpetual Securities:
The Board of Directors of YNH wishes to announce that, pursuant to Clause 6.3 of the Trust Deed dated 19 July 2019, the Company has elected to defer the coupon payments in respect of the Perpetual Securities as follows:
(1) PZ190009 – coupon payment originally scheduled for 9 February 2026; and (2) PZ200008 – coupon payment originally scheduled for 30 January 2026.
Notices of the coupon payment deferrals have been duly issued to the Facility Agent and the Trustee on 23 January 2026, together with the required certificates confirming the Company’s compliance with the conditions set out under Clause 6.3(a) and Clause 6.3(b) of the Trust Deed.
The election to defer the coupon payments was made to preserve liquidity to support the Group’s active development projects and to meet other financial obligations. The Board is of the view that this approach is prudent and in the best interests of the Group’s long-term financial position.
The deferred coupon payments shall remain payable in accordance with the terms of the Trust Deed and shall be settled at a later date, subject to the relevant conditions stipulated therein.
The Board confirms that the deferral of the coupon payments is in accordance with the terms of the Trust Deed and does not constitute an event of default under the Perpetual Securities Programme.
The Board also wishes to inform that the Company has on even date issued a press release in relation to the above matter. A copy of the press release as attached for information.
This announcement is dated 23 January 2026. |
||||||||||
Please refer attachment below.
Announcement Info
| Company Name | YNH PROPERTY BERHAD |
| Stock Name | YNHPROP |
| Date Announced | 23 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23012026-00021 |