KUALA LUMPUR: Hume Cement Industries Bhd plans to issue up to RM500mil in debt notes.

It announced to Bursa Malaysia on Thursday it had lodged the proposed unrated medium-term notes (MTN) programme with the Securities Commission.

It said the 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 RM500mil at any point in time.

Hume Cement Industries said the proceeds would be used to pay or refinance existing borrowings/financing facilities or existing and future financing obligations; investment in capex; business investments and working capital.

Hong Leong Investment Bank is the principal adviser, lead arranger and the lead manager for the programme.