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The Affin Bank Group is a financial services conglomerate. The Group's activities focus on commercial, Islamic and investment banking services, money broking and underwriting of life and general insurance business.
|
Type |
Announcement |
| Subject | AFFIN HOLDINGS BERHAD ("AFFIN" or "the Company") PROPOSED REVISION TO THE PRINCIPAL TERMS AND CONDITIONS OF THE RM525.0 MILLION NOMINAL VALUE BANK GUARANTEED MEDIUM TERM NOTES PROGRAMME ("BG MTN Programme") |
The Board of Directors of AFFIN wishes to announce that the Securities Commission (“SC”) has approved the proposed revision to the principal terms and conditions (“PTC”) of the BG MTN Programme vide its letter dated 17 November 2006.
The Proposed Revision to the PTC of the BG MTN Programme are as follows:
|
Original Term
|
Proposed Revision as Approved
|
| Facililty Description Bank Guaranteed Medium Term Notes (“MTN”) Issuance Programme of RM525 million in nominal value (the “Programme”) |
Facililty Description Bank Guaranteed Medium Term Notes (“MTN”) Issuance Programme of RM285 million in nominal Value (“the Programme”) |
| Issue Size Ringgit Malaysia Five Hundred Twenty Five Million (RM525 Million) |
Issue Size Ringgit Malaysia Two Hundred and Eighty Five Million (RM285 Million) |
| Tenor of the Facility/Issue Five (5) years from the date of the first issuance of the MTNs under the Programme. The availability limit of the Programme shall be reduced based on the reduction schedule (“Annual Reduction”) below, the first of such reduction to commence on the third anniversary date from the date of first issue of the MTNs:- |
Tenor of the Facility/ Issue Five (5) years from the date of the first issuance of the MTNs under the Programme. The availability limit of the Programme shall be reduced based on the reduction schedule (“Annual Reduction”) below, the first of such reduction to commence on the third anniversary date from the date of first issue of the MTNs:- |
|
Annual Reduction Date
Annual Reduction (RM Million) Availability Limit (RM Million) Issue Date (date of first issuance of the MTNs) -
525 3rd anniversary from Issue Date 145
380 4th anniversary from Issue Date 180
200 5th anniversary from Issue Date 200
Nil |
Annual Reduction Date
Annual Reduction (RM Million) Availability Limit (RM Million) Issue Date (date of first issuance of the MTNs) -
285 3rd anniversary from Issue Date 85
200 4th anniversary from Issue Date 100
100 5th anniversary from Issue Date 100
Nil |
| The amount reduced in accordance with the Annual Reduction schedule will not be reissued. Any reduction in the Availability Limit shall reduce the Guarantor’s commitment accordingly. The quantum indicated for the Annual Reduction of the Programme and Availability Limit above represent the nominal value of the MTNs. |
The amount reduced in accordance with the Annual Reduction schedule will not be reissued. Any reduction in the Availability Limit shall reduce the Guarantor’s commitment accordingly. The quantum indicated for the Annual Reduction of the Programme and Availability Limit above represent the nominal value of the MTNs. |
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 23 Nov 2006 |
| Category | General Announcement |
| Reference No | CC-061123-67040 |
Copyright 2024 Affin Bank Berhad 197501003274 (25046-T).
