Gold Ridge redeems S$72.75 million in put exercise for 2.9% notes

By Mary-Katherine Stinson

Lexington, Ky., April 18 – Gold Ridge Pte. Ltd. completed the redemption on April 17 of the S$72.75 million of 2.9% secured fixed rate notes due 2023, series 001 (ISIN: SG7FF8000003) for which the holders had exercised their put option, according to a notice.

Noteholders were given notice on Feb. 15 that the notes were putable due to a change of shareholding event.

Following the redemption, the put notes will be canceled.

The notes were issued under the company’s S$400 million secured multicurrency medium-term note program.

Gold Ridge operates as a subsidiary of Mercatus Co-Operative Ltd., a Singapore-based real estate investment company.

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