KUALA LUMPUR (Oct 27): IGB Corp Bhd's joint venture company with Southkey City Sdn Bhd — Southkey Megamall Sdn Bhd — will be raising up to RM1 billion via debt papers to finance the development and construction of the Mid Valley Megamall Southkey project. The financing will be raised via its unrated eight-year medium-term note (MTN) programme. “The MTN programme is the latest step in our efforts to realise Mid Valley Megamall, Southkey, as one of Johor’s largest integrated retail and commercial developments. Southkey Megamall has appointed Hong Leong Investment Bank Bhd (HLIB) and Maybank Investment Bank Bhd (Maybank IB) as joint principal advisers for the MTN programme. Meanwhile, Tan is expecting the Southkey mall to serve a catchment population of around five million people, similar to its sister mall in the Klang Valley here.

Source: The Edge Markets October 27, 2016 09:51 UTC