HUMEIND

1.040

(%)

OTHERS HUME CEMENT INDUSTRIES BERHAD (FORMERLY KNOWN AS HUME INDUSTRIES BERHAD) ("HCIB" OR "COMPANY") - PROPOSED ESTABLISHMENT OF AN UNRATED MEDIUM TERM NOTES ("MTN") PROGRAMME OF RM500.0 MILLION IN NOMINAL VALUE ("MTN PROGRAMME") FOR THE ISSUANCE OF UNRATED MTN

HUME CEMENT INDUSTRIES BERHAD

Type Announcement
Subject OTHERS
Description
HUME CEMENT INDUSTRIES BERHAD (FORMERLY KNOWN AS HUME INDUSTRIES BERHAD) ("HCIB" OR "COMPANY")
- PROPOSED ESTABLISHMENT OF AN UNRATED MEDIUM TERM NOTES ("MTN") PROGRAMME OF RM500.0 MILLION IN NOMINAL VALUE ("MTN PROGRAMME") FOR THE ISSUANCE OF UNRATED MTN

HCIB is pleased to announce that Hong Leong Investment Bank Berhad (“HLIB”), on behalf of the Company, had on 9 December 2020 lodged the MTN Programme with the Securities Commission Malaysia (”SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (issued by the SC on 9 March 2015 and revised on 12 November 2020, as amended from time to time).

 

The MTN Programme provides the Company with the flexibility to issue unrated MTNs from time to time, subject to the aggregate outstanding nominal amount of the MTNs not exceeding RM500 million at any point in time.

 

The proceeds raised from the MTN Programme will be used by the Company and/or its subsidiaries for:

 

(i)   payment or refinancing of existing borrowings/financing facilities or existing and future financing obligations;

(ii)  investment in capital expenditure;

(iii) business investment requirements (including investment in mergers and acquisitions);

(iv) working capital purposes; and/or

(v)  defray expenses in relation to the MTN Programme and the issuance(s) of MTNs thereunder.

 

HLIB is the Principal Adviser, Lead Arranger and the Lead Manager for the MTN Programme.

 

This announcement is dated 10 December 2020.






Announcement Info

Company Name HUME CEMENT INDUSTRIES BERHAD
Stock Name HUMEIND
Date Announced 10 Dec 2020
Category General Announcement for PLC
Reference Number GA1-08122020-00116