Labuan, Friday, 23 December 2005. Labuan International Financial Exchange (LFX) saw its 34th listing today with the
debut of Eucalyptus Investment Holdings Limited's ("EIHL") USD 30 million variable rate guaranteed secured bonds.
EIHL had on 27 September issued three-year USD30,000,000 Variable Rate Guaranteed Secured Bonds due in 2008.The Bonds are irrevocably guaranteed by ISU Chemical
Co., Ltd.
"LFX is an offshore financial exchange that facilitates the listing of multitude of financial instruments ranging from debt instruments to investment
funds. At present, majority of the products comprise of conventional debt securities as well as Syariah-compliant certificates (Sukuk). Issuers in Malaysia and at the international
front are welcomed to utilize the various opportunities of listing small to high scale financial instruments on the LFX" said Chairman of LFX Board Encik Yusli Mohamed
Yusoff, who is also the Chief Executive Officer of Bursa Malaysia Berhad. "The listing of small to medium scale financial instruments on the LFX shows that the exchange
is viable for the demand of maturing industries in this region," Yusli adds.
EIHL is a special purpose vehicle incorporated in the Federal Territory of Labuan under the Offshore Companies Act, 1990 of Malaysia for the purpose of the issuance of the
Bonds. The Guarantor, ISU Chemical is a petrochemical company established on 17 January 1969 to manufacture, process and distribute raw materials of synthetic detergent
and byproducts. Listed on the Korea Exchange since April 1988, ISU Chemical is the only producer and distributor of Alkyl Benzene, Normal Paraffin and Dodecyl Mercaptan
in Korea.
The net proceeds of the issue of the Bonds have been applied by EIHL in purchasing the preference shares from ISU E&C Co., Ltd an engineering and
construction company.
Tong Yang Investment Bank is the Lead Manager and Sole Bookrunner for the Bonds whereas K&N Kenanga Holdings Berhad is the appointed Listing Sponsor
for the listing of the Bonds on the Labuan International Financial Exchange (LFX).
With the latest listing, LFX's range of financial instruments now comprises six (6) Sukuks, six (6) open-ended funds and twenty two (22) conventional
debt securities and exchangeable bonds. This brings the total market capitalisation of LFX to USD12.52 billion.
About LFX:
LFX is an international offshore financial exchange based in Labuan, the international offshore financial centre of Malaysia. LFX is web-based and utilise international networking and electronic communication systems to facilitate exchange listing and trading facilities. LFX facilitates the listing of both conventional and Islamic multi-currency financial instruments and allows the issuer the flexibility to structure instruments for listing that best suit their funding needs. LFX is a company limited by shares and is wholly-owned by Bursa Malaysia Berhad.
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