directors - The Lion Group

The principal terms and conditions of the LICB Bonds and USD Debts are as follows:
(i) The LICB Bonds are only transferable to persons who are the first holders of the LICB Bonds issued by the
Company whilst the USD Debts are freely transferable.
(ii) The tranches of LICB Bonds and USD Debts are as follows:
Cash
Net Yield to
Nominal Present Tenure Maturity
Class Amount Value (years) (per annum)
RM’000 RM’000
Issued by the Company:
LICB Bonds
- to Scheme Creditors A 89,620 78,728 2 6.00%
B 325,390 249,669 9 5.75%
415,010 328,397
- to subsidiary companies B 97,705 74,969 9 5.75%
512,715 403,366
USD Debts (“LICB Debts”)
- to a subsidiary company,
Harta (L) B 206,348 162,336 9 5.25%
Issued by a subsidiary
company, Harta (L):
USD Debts
- to Scheme Creditors B 204,463 162,334 9 5.00%
The LICB Bonds and USD Debts are payable annually on 31 December of each calendar year and are
subject to late payment charge of 1% per annum above the cash yield to maturity.
(iii) The Security Trustee holds the following securities (“Securities”) for the benefit of the holders of the LICB
Bonds and USD Debts issued by the Group:
(a) The assets included in the proposed divestment programme for the Group. If there is an existing
charge on any such assets, the Security Trustee will take a lower priority security interest.
(b) The Amsteel Corporation Berhad (“Amsteel”) Bonds and Amsteel shares attached to the Amsteel
Bonds received by the Company (Note 20).
(c) The Redemption Account held by the Company. The Redemption Account will capture the “Dedicated
Cash Flows”.
Dedicated Cash Flows means cash flows from the following sources:
(i) net surplus proceeds from the disposal of any assets in the proposed divestment programme
for the Group over which there is presently a charge, if applicable;
(ii) net proceeds from the disposal of any assets in the proposed divestment programme for the
Group over which there is presently no charge;
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