KUALA LUMPUR: Digistar Corp Bhd is proposing to establish an issuance of unrated fixed rate serial bonds of up to RM80mil. The application for the bonds have been lodged with the Securities Commission today, the company told Bursa Malaysia. The proposed bond issuance by wholly owned Jaya Persada Sdn Bhd (JPSB) will have tenure of up to 14 years over 3 tranches. Digistar said proceeds from the exercise will be used for refinancing of existing banking facility, expansion and refurbishment of Imperial Heritage Hotel, as well as working capital. JPSB has mandated MIDF Amanah Investment Bank Berhad to act as the principal adviser, lead arranger and lead manager for the proposed bond issuance and Pacific Alliance Capital Sdn Bhd as the corporate management consultant.

Source: The Star December 20, 2017 10:41 UTC