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Singapore’s ASL Marine redeeming another S$500,000 of 4¾% notes
By Mary-Katherine Stinson
Lexington, Ky., Sept. 14 – ASL Marine Holdings Ltd. will again redeem S$500,000 of the outstanding series 6 4¾% notes due March 2025 (ISIN: SG6Z90991217) on a pro rata basis, with interest, on Sept. 28, according to an announcement.
Originally, the company issued S$100 million principal amount of notes.
The current amount outstanding per S$250,000 note is S$220,000, and there are 400 notes outstanding.
In the latest action, S$1,251 will be redeemed for each S$250,000 note.
After the partial redemption, S$218,750 per S$250,000 par note will remain outstanding.
The record date is Sept. 21. Trading and transfers will be suspended from this date until the redemption is effective.
ASL Marine is a Singapore-based shipping firm.
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