Last checked at 2 Apr 2012 12:07
2 April 2012
Asian Plantations Limited
("APL" or the "Company")
Loan Note Update
Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, confirms that, further to the Company's announcement on 28 February 2012, the medium term note programme ("MTN") has been approved by the relevant regulatory authorities and is now proceeding towards definitive closing and issuance. It is anticipated that the initial tranche of funding will be issued by the end of April 2012.
As previously announced, once issued and fully subscribed, the MTNs will diversify the Company's funding sources and largely defer any debt repayments until the Company's estates are fully matured. Further announcements will be made in due course as appropriate.
For further information contact:
Asian Plantations Limited Graeme Brown, Joint Chief Executive Officer Dennis Melka, Joint Chief Executive Officer
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Tel: +65 6325 0970
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Strand Hanson Limited James Harris Paul Cocker Liam Buswell
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Tel: +44 (0) 20 7409 3494 |
Panmure Gordon (UK) Limited Tom Nicholson Callum Stewart
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Tel: +65 8614 7553 Tel: +44 (0) 20 7459 3600 |
Macquarie Capital (Europe) Limited Steve Baldwin Dan Iacopetti
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Tel: +44 (0) 20 3037 2000
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Bankside Consultants Simon Rothschild |
Tel: +44 (0) 20 7367 8871 |