Others
| Type | Announcement |
| Subject | OTHERS |
| Description |
TAN CHONG MOTOR HOLDINGS BERHAD RM2 BILLION NOMINAL VALUE ASSET-BACKED MEDIUM TERM NOTES PROGRAMME BY PREMIUM COMMERCE BERHAD - ISSUANCE OF NOTES SERIES 2015-A |
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We refer to the announcement made by Tan Chong Motor Holdings Berhad (“TCMH”) on 14 November 2014 in relation to the RM2 billion nominal value Asset-Backed Medium Term Notes Programme (“MTN Programme”) established by Premium Commerce Berhad (“PCB”). We are pleased to announce that PCB has completed the ninth issuance under the MTN Programme of a nominal value of RM181 million (“Notes Series 2015-A”) on 23 December 2015. The Notes Series 2015-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 (“Originator”). Proceeds from the issuance of Notes Series 2015-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 subscribed by a broad base of investors while the Originator had subscribed for the Class C Notes under Notes Series 2015-A. A summary of the principal terms of the Notes Series 2015-A is set out in the table attached below. |
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Please refer attachment below.
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 23 Dec 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22122015-00050 |
Attachments
- TChong_2015-A_-_Bursa_Announcement.pdf (Size: 37,340 bytes)