BERJAYA Sports Toto Bhd (BToto) said Sports Toto Malaysia Sdn Bhd (STMSB) has received approval from the Securities Commission for it to undertake a medium-term note programme of up to RM800 million.
BToto said STMSB has appointed Maybank Investment Bank Bhd as the principal adviser, lead arranger and joint lead managers together with AmInvestment Bank Bhd.
Proceeds will be principally used to refinance the BToto group’s existing bank borrowings and for working capital.
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