By Marisa Wong
Morgantown, W.Va., Oct. 2 – Maxi-Cash Financial Services Corp. Ltd. priced S$20 million of additional 5˝% notes due 2020, according to a company announcement.
The notes will be consolidated and form a single series with the 5˝% notes due 2020 issued under the company’s S$300 million multicurrency medium-term note program on April 27.
The additional notes will be issued at 100.7 plus accrued interest from April 27 to Oct. 9.
DBS Bank Ltd. is the lead manager and bookrunner for both tranches of the series 1 notes.
Proceeds from the latest tranche will be used for general corporate purposes, including refinancing existing borrowings, financing investments, acquisitions and working capital.
Based in Singapore, Maxi-Cash provides financial services in the form of pawnbroking.
| Issuer: | Maxi-Cash Financial Services Corp. Ltd.
|
| Issue: | Medium-term notes, series 1 tranche 2
|
| Amount: | S$20 million
|
| Maturity: | April 27, 2020
|
| Bookrunner: | DBS Bank Ltd.
|
| Coupon: | 5˝%
|
| Price: | 100.7 plus accrued interest from April 27 to Oct. 9
|
| Settlement date: | Oct. 9
|
| Original issue: | S$50 million on April 27
|
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