MNRB Holdings (KLSE:MNRB) is looking to establish a commercial paper program of up to 500 million ringgit, according to a Wednesday filing with Bursa Malaysia.
The program has a tenure of seven years, with individual commercial bonds carrying maturities of between one and 12 months.
The program has been assigned a short term credit rating of P1 by RAM Rating Services.
Proceeds will be used for general working capital, strategic and general investments, refinancing and other corporate purposes.
Koninklijke KPN (KPN.AS) said Tuesday it issued 500 million euros of 4.625% subordinated hybrid bond, with a term of 5.25 years.The bond is first callable on Sept. 9, 2031, with a first reset date scheduled for Dec. 9, 2031.The Dutch telecommunications company earmarked proceeds from the issuance for general corporate expenditures and debt refinancing. It issued the bond amid an ongoing offer to fully redeem 500 million euros of perpetual hybrid capital securities with a first reset date of Dec. 21, 2027.
Aton Resources (AAN.V) after trade Tuesday said it has entered into an agreement with shareholder OU Moonrider to borrow up to $30 million.The facility can be drawn in one or more advances and matures on Sept. 1, 2028, with an interest rate of 12% per year. Any unpaid amounts after maturity will carry 20% annual interest. The loan is unsecured and cannot be converted into equity securities of Aton. No bonus shares or warrants will be issued as part of the facility, the company added.Moonrider is Aton's controlling shareholder, owning about 66.4% of the company, according to the statement."The Aton board concluded that the facility is on reasonable commercial terms that are not less advantageous to the company than if the facility were obtained from a person dealing at arm's length with the company," the company said.The company added that it plans to use the funds for further exploration and development at its Hamama project, as well as general and administrative expenses.
3:00 Tuesday vs 3:00 Monday2yr 99-15 vs 99-17; 4.392% vs 4.346%5yr 99-06 vs 99-13+; 4.555% vs 4.504%10yr 98-06+ vs 98-16; 5.270% vs 5.244%30yr 97-28 vs 98-05; 5.266% vs 5.247%2/10 40.050 bps vs 40.621 bps5/30 70.864 bps vs 74.107 bps