The papers, issued through the firm’s Malaysian subsidiary, have an aggregate nominal value of up to M$400 million (US$114 million) and are guaranteed through a syndication arranged by Mizuho corporate bank.
“We are looking to raise funds at a rate of 4% to 4.5% in three to five years,” said Kuroda Naruhito, managing director, at the signing ceremony for the agreement. “The company has ongoing investments that require funding, and looking at the size of our receivables and borrowings, it’s only natural to diversify into the debt capital market.
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