<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 20): Tan Chong Motor Holdings Bhd has today received approval from the Securities Commission for the establishment of a Commercial papers (CP) programme and a Medium term notes (MTN) programme worth a combined nominal value of RM1.5 billion.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with the stock exchange, Tan Chong said the first issuance of the CP programme and the MTN Programme is expected to take place within two years from today.</p></div>

<div class=newsTextDataWrapInner><p>The CP Programme and the MTN Programme will have tenures of up to seven years and up to 20 years, respectively, from the date of the first issuance from each of the respective programmes.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to Tan Chong, RAM Rating Services Bhd has assigned an initial long-term and a short-term ratings of AA2 and P1 respectively for the CP and MTN Programmes.</p></div>

<div class=newsTextDataWrapInner><p>It said the proceeds from the bonds shall be utilised for capital expenditure, refinancing of bank borrowings, working capital and the general corporate purposes of the group.</p></div>

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KUALA LUMPUR (Oct 20): Tan Chong Motor Holdings Bhd has today received approval from the Securities Commission for the establishment of a Commercial papers (CP) programme and a Medium term notes (MTN) programme worth a combined nominal value of RM1.5 billion.

In a filing with the stock ...

Tan Chong’s RM1.5 bil financing programme approved by SC

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<p>As part of its continuing quest to add long-haul destinations to its routes over the long term, AirAsia X is exploring possible destinations in Eastern European countries such as Poland and Hungary, and the airline is not ruling out revisiting London and exercising its landing rights to Orlando in the United States.</p>


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<p>Data on...

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<p>The proposed exercise will be funded through a combination of unit issuance and cash via bank borrowings, it said in a filing with Bursa Malaysia on Thursday.</p>
