Loan Note Update (6052A)
April 02 2012 - 6:07AM
UK Regulatory
TIDMPALM
RNS Number : 6052A
Asian Plantations Limited
02 April 2012
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 Tel: +65 6325 0970
Officer
Dennis Melka, Joint Chief Executive
Officer
Strand Hanson Limited
James Harris Tel: +44 (0) 20 7409 3494
Paul Cocker
Liam Buswell
Panmure Gordon (UK) Limited
Tom Nicholson Tel: +65 8614 7553
Callum Stewart Tel: +44 (0) 20 7459 3600
Macquarie Capital (Europe) Limited
Steve Baldwin Tel: +44 (0) 20 3037 2000
Dan Iacopetti
Bankside Consultants
Simon Rothschild Tel: +44 (0) 20 7367 8871
This information is provided by RNS
The company news service from the London Stock Exchange
END
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