Thakral Corporation launches $150m multicurrency MTN programme

The programme allows Thakral to issue medium term notes in multiple currencies up to principal amount.

Thakral Corporation Ltd has established a $150m Multicurrency Medium Term Note (MTN) Programme, according to a corporate announcement filed on 7 April.

The announcement was submitted by the investment holding company’s CFO, Anil Daryanani, and broadcast on the Singapore Exchange platform.

Under the programme, the company may issue medium term notes in multiple currencies up to the aggregate principal amount of $150m.

The MTN programme provides a framework for the company to raise debt financing under a defined issuance limit. The announcement did not disclose details of any specific note issuances or the timing of such issuances.

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