GuocoLand lodges RM500m medium-term notes programme with SC

• The company may also issue sustainability MTNs in compliance with guidelines and standards set by the Asean Capital Markets Forum, the International Capital Market Association, and other relevant sustainability, social, or green bond standards recognised by the SC.

KUALA LUMPUR (March 11): GuocoLand (Malaysia) Bhd (KL:GUOCO) has lodged its proposed RM500 million medium-term notes (MTN) programme with the Securities Commission Malaysia (SC) under the lodge and launch framework.

In a filing with Bursa Malaysia on Monday, the company said proceeds from the MTN programme would be used for capital expenditure, investments, asset acquisitions, working capital, debt repayment, corporate purposes, project construction and management, as well as costs related to the MTN programme.

GuocoLand said proceeds from the issuance of sustainability MTNs under the programme would be used to finance new or existing assets, businesses, projects or products that meet criteria set out in its sustainability financing framework.

“The MTN programme provides GuocoLand with the flexibility to issue unsecured, rated and/or unrated MTNs from time to time, provided the total outstanding nominal amount does not exceed RM500 million at any time,” it said.

The company may also issue sustainability MTNs in compliance with guidelines and standards set by the Asean Capital Markets Forum, the International Capital Market Association, and other relevant sustainability, social, or green bond standards recognised by the SC.

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

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