ASL Marine to Redeem SG$500,000 of Series 006 Notes

MT Newswires09-17

ASL Marine (SGX:A04) will redeem SG$500,000 of the Series 006 SG$100 million 4.75% bonds due March 2025 issued under its SG$500 million multicurrency debt issuance program, according to a Monday filing on the Singapore Exchange.

The redemption will take place on Sept. 30. The company will redeem SG$1,250 from each SG$250,000 denomination of the notes.

Before redemption, the outstanding principal for each SG$250,000 denomination is SG$217,500, with 400 such denominations remaining. After the partial redemption, the outstanding principal will be reduced to SG$216,250 per SG$250,000 denomination.

The record date for the redemption is set for Sept. 23.

Price (SGD): S$0.06, Change: S$+0.00100, Percent Change: +1.72%

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