First Sponsor plans to redeem in full its perpetual convertible securities

Chicago, May 3 – First Sponsor Group Ltd. announced that it plans to redeem all S$162,199,110.70 of its outstanding 3.98% series 1 perpetual convertible capital securities on June 14, according to a notice.

The securities were issued by the company on April 19, 2018.

Upon redemption, the series 1 convertibles will be canceled and delisted from the Singapore Exchange Securities Trading Ltd.

Perpetual (Asia) Ltd. is the trustee of the notes.

First Sponsor Group is a Singapore-based investment holding company.

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