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

MSCBKBDKDBKDDQK

Panther Metals (LSE:PALM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Panther Metals Charts.
Panther Metals (LSE:PALM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Panther Metals Charts.