ASL Marine (SGX:A04) will redeem SG$250,000 of its Series 007 SG$50 million 5.35% notes on Oct. 1, according to a Tuesday filing on the Singapore Exchange.
The redemption includes accrued interest.
As of the record date, Sept. 24, each SG$250,000 denomination will have a remaining principal of SG$216,250. Trading of the notes will be suspended from the record date until redemption.
Shares of the company jumped 4% in recent trade.
Price (SGD): S$0.06, Change: S$+0.0010, Percent Change: +1.75%
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