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Fragrance Group repurchases S$500,000 of 6 1/8% notes due 2021
By Taylor Fox
New York, March 2 – Singapore’s Fragrance Group Ltd. repurchased S$500,000, or 0.44%, in principal amount of its 6 1/8% notes due April 2021 (ISIN: SG7PB2000007), according to a notice.
The notes were repurchased at an aggregate purchase price of 99.60, or S$508,739.73, including accumulated interest of S$10,739.73.
Following the most recent repurchase, S$113.75 million of the original S$125 million of the notes remains outstanding.
Fragrance Group expects that the repurchase of the notes will reduce its interest expenses.
Fragrance is a real estate developer with two divisions: property and hotels.
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