Loan Note Update

RNS Number : 6052A

Asian Plantations Limited

02 April 2012

 



2 April 2012

Asian Plantations Limited

("APL" or the "Company")

Loan Note Update

Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, confirms that, further to the Company's announcement on 28 February 2012,  the medium term note programme ("MTN") has been approved by the relevant regulatory authorities and is now proceeding towards definitive closing and issuance. It is anticipated that the initial tranche of funding will be issued by the end of April 2012.

As previously announced, once issued and fully subscribed, the MTNs will diversify the Company's funding sources and largely defer any debt repayments until the Company's estates are fully matured.  Further announcements will be made in due course as appropriate.    

For further information contact:

Asian Plantations Limited Graeme Brown, Joint Chief Executive Officer Dennis Melka, Joint Chief Executive Officer	Tel:  [phone]
Strand Hanson Limited James Harris Paul Cocker Liam Buswell	Tel: [phone]
Panmure Gordon (UK) Limited Tom Nicholson Callum Stewart	Tel:   [phone] Tel: [phone]
Macquarie Capital (Europe) Limited Steve Baldwin Dan Iacopetti	Tel: [phone]
Bankside Consultants Simon Rothschild	Tel: [phone]

 

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