Others
Type | Announcement |
Subject | OTHERS |
Description | RM2 BILLION NOMINAL VALUE ASSET-BACKED MEDIUM TERM NOTES PROGRAMME BY PREMIUM COMMERCE BERHAD - ISSUANCE OF NOTES SERIES 2011-A |
We refer to the announcement made by Tan Chong Motor Holdings Berhad (“TCMH”) dated 30 March 2011 in relation to the up to RM2.0 Billion Medium Term Notes Programme (the “MTN Programme”) established by Premium Commerce Berhad (“PCB”). We are pleased to announce that PCB has completed the fifth issuance under the MTN Programme, Notes Series 2011-A, on 2 August 2011. The RM212 million Notes Series 2011-A, issued in various classes and tranches, forms part of the securitization of hire purchase receivables programme undertaken by TCMH’s wholly-owned subsidiary, TC Capital Resources Sdn Bhd (the “Originator”). Proceeds from the issuance of Notes Series 2011-A were used by PCB for the acquisition of hire purchase receivables from the Originator and to defray fees and expenses related to the issuance. The Originator will utilise proceeds from the sale of the hire purchase receivables as working capital. Class A Notes and Class B Notes were issued to investors while the Originator had subscribed for the Class C Notes under Notes Series 2011-A. A summary of the principal terms of the Notes Series 2011-A is set out in the table attached below. |
Announcement Info
Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
Stock Name | TCHONG |
Date Announced | 2 Aug 2011 |
Category | General Announcement |
Reference No | TC-110801-40925 |
Attachments
- TCHONG_020811.pdf (Size: 8,790 bytes)