Waste management company Tex Cycle Technology (M) Bhd has subscribed to a perpetual medium-term note (MTN) with a nominal value of RM10 million.
In a filing with Bursa on Thursday, Tex Cycle said the perpetual MTN offers a fixed return of 7.5% per annum, providing a steady and predictable income stream through regular semi-annual interest payments until redemption.
TheEdge07 Mar, 2024 19:59pm - 1 month