2012 Annual Report - Media Prima Berhad

16 DEBT INSTRUMENTS (CONTINUED)
(i)
Bank Guaranteed Medium Term Notes/Commercial Papers (“BGMTN”)
Group and Company
2012 2011 1.1.2011
RM’000 RM’000 RM’000
Current:
4-year 4.15% BGMTN (unsecured) – – 70,031
5-year 4.27% BGMTN (unsecured) – 100,253 –
– 100,253 70,031
Non-current:
5-year 4.27% BGMTN (unsecured) – – 99,226
Total – 100,253 169,257
The 5-year 4.27% BGMTN of RM100 million was redeemed during the financial year.
(ii) Commercial Papers Medium Term Notes (“CPMTN”)
Group and Company
2012 2011 1.1.2011
RM’000 RM’000 RM’000
Non-current:
5-year 4.38% CPMTN (unsecured) 300,144 – –
During the financial year, the Company undertook a 7-year Commercial Paper Medium Term Notes (“CPMTN”)
programme of up to RM500.0 million in nominal value.
The CPMTN Programme was constituted by a Trust Deed and a Programme Agreement, both dated 13
December 2012. As at 31 December 2012, the Group has issued MTNs in the nominal value of RM300.0 million.
The principal terms of the CPMTN are as follows:
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(a) Issuance of CP and/or MTN of up to an aggregate limit of RM500.0 million in nominal value. The tenure
of the CP/MTN Programme shall be up to seven (7) years from the date of the first issue;
(b) The CP will be issued on a zero coupon basis. In respect of coupon bearing MTN, the coupon rate is to
be determined prior to the issue date of each issue;
(c) The CPMTN Programme shall have an availability period of up to seven (7) years from the date of first
issuance of CP or MTN under the CPMTN Programme;
(d) The proceeds of the CPMTN Programme shall be utilised for investments, capital expenditure, working
capital requirements and/or general corporate purposes of the Group. The capital expenditure of the Group
will include, among others, investment in new media platforms and investment in connection with digital
television broadcasting; and
(e) The interest on the MTN of RM300.0 million is 4.38% per annum, payable semi-annually in arrears,
calculated on the basis of the actual number of days of 365 days with the last payment of interest to be
made on the maturity date of the MTN. The tenure of the MTN of RM300.0 million is 5 years from the
date of issue of 28 December 2012. 191
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2012
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