Fragrance Group repurchases S$500,000 of 6 1/8% notes due 2021

By Taylor Fox

New York, Aug. 18 – Fragrance Group Ltd. has repurchased S$500,000, or 0.4%, in principal amount of its 6 1/8% notes due April 2021 (ISIN: SG7PB2000007), according to a news release.

The notes were repurchased at an aggregate purchase price of 0.9960 for S$507,648.97, including accumulated interest.

Following previous purchases, S$121 million of the S$125 million amount of the notes were outstanding.

Fragrance Group expects that the repurchase of the notes will reduce its interest expense.

Fragrance is a Singapore-based developer with two divisions: property and hotel.

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