MEX I Capital gets nod to restructure debt notes

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KUALA LUMPUR: The Sukuk holders of MEX I Capital Bhd has approved the restructuring of its RM1.35bil Islamic medium term note programme at its virtual EGM on Wednesday.

It said on Thursday the approval marks a significant milestone in MEX 1 Capital’s group-wide Sukuk restructuring.

“We are extremely grateful for the overwhelming support and understanding shown by the Sukukholders. The resolutions from today’s EGM mark a new beginning for MEX I Capital,” said MEX I Capital managing director Mohd Faiq Abu Sahid.

He pointed out that due to the Covid-19 pandemic, every major highway was affected by the lockdowns and restrictions.

He described the restructuring of the company’s Sukuk programme as a timely and important exercise.

New Paradigm Capital Markets Sdn Bhd is the financial adviser for the restructuring exercise whilst Alliance Investment Bank Bhd is the principal adviser/lead arranger and Messrs Adnan Sundra & Low is the legal adviser.



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