YNH Property Bhd is pleased to announce that the Company has on 13 May 2019 lodged the Perpetual Securities Programme with the Securities Commission Malaysia (”SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (issued by the SC on 9 March 2015 and revised on 11 October 2018, as amended from time to time).

The Perpetual Securities Programme allows for the issuance of unrated and senior ranking perpetual securities (“Perpetual Securities”) from time to time, with flexibility for the Company to issue secured and/or unsecured Perpetual Securities subject to the aggregate outstanding nominal amount of the Perpetual Securities not exceeding RM750.0 million at any point in time.

The net proceeds raised from the Perpetual Securities are intended to be utilised by YNH and/or its subsidiaries, associated companies and/or jointly controlled entities (“YNH Group”) for (i) investments (including amongst others, purchase of lands, buildings, property and/or shares; and/or payment into joint ventures); (ii) the capital expenditure and working capital of the YNH Group, and/or (iii) repayment of borrowings, financing facilities and/or banking facilities of the YNH Group.

CIMB Investment Bank Berhad is the sole Principal Adviser, sole Lead Arranger and sole Lead Manager for the Perpetual Securities Programme.

This announcement is dated 14 May 2019.