Malaysia's Country Heights extends maturity for 3%-8% bonds to 2011

By Marisa Wong

Madison, Wis., Dec. 23 - Country Heights Holdings Bhd. gave notice that it has extended the redemption and maturity date for its RM 150 million of 3% to 8% redeemable secured bonds to Dec. 31, 2011 from Dec. 31, 2010.

Universal Trustee (Malaysia) Bhd., as trustee, approved the maturity date extension on Thursday.

The company said that the extension will allow it time to finalize refinancing arrangements for redeeming the bonds.

Based in Kuala Lumpur, Malaysia, Country Heights is involved in property development and tourism.

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