proposes to issue US dollar denominated guaranteed senior notes due 2017.
The proposed issue of the notes will be arranged by ING Bank N.V., Singapore Branch,
J.P. Morgan Securities Ltd. and Merrill Lynch International as Joint bookrunners, and
together with Standard Bank Plc and Standard Chartered Bank as joint lead managers.
Approval in-principle has been received for the listing and quotation of the notes on
the Official List of the SGX-ST.
The proposed notes issuance is for financing transportation infrastructure improvement
and development projects, including, without limitation, for our UHG-GS railway project as
well as for working capital and other general corporate purposes, including, without
limitation, for exploration and debt refinancing. (HL)