Hume Cement plans RM500mil debt notes

TheStar Fri, Dec 11, 2020 09:30am - 2 months ago


Hume Cement Industries Bhd told Bursa Malaysia that it had lodged the proposed unrated medium-term notes (MTN) programme with the Securities Commission.

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

It told Bursa Malaysia that it had lodged the proposed unrated medium-term notes (MTN) programme with the Securities Commission.

It said the programme provided 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.






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