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FIRST PACIFIC COMPLETES US$115 MILLION SECURED BONDS ISSUE.
MANILA, Aug 1 Asia Pulse - First Pacific Company Ltd. this week completed a US$115 million secured bonds issue for its wholly-owned subsidiary, CAB Holdings Limited.
The bonds bear a yearly interest rate of 8.25 per cent, payable in arrears every six months, and will mature on July 29, 2006 at their aggregate principal amount.
CAB does not have the right to unilaterally redeem Bonds prior to their maturity, except in the event of changes affecting taxes in Mauritius, where CAB is incorporated.
The Bonds are secured by a pledge over shares representing approximately a 51.5 per cent interest in PT Indofood Sukses Makmur Tbk (Indofood) and security over the Escrow Account.
First Pacific has ...
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