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ASL Marine announces partial redemption of 5.35% notes on Oct. 2
By Mary-Katherine Stinson
Lexington, Ky., Sept. 15 – Singapore’s ASL Marine Holdings Ltd. will redeem S$250,000 of its outstanding series 007 5.35% notes due October 2026 (ISIN: SG6TC3000008) on a pro rata basis, with interest, according to an announcement.
The redemption date has been set for Oct. 2.
The current amount outstanding per S$250,000 note is S$220,000, and there are 200 notes outstanding.
In the latest action, S$1,250 will be redeemed for each S$250,000 note.
Trading in the notes will be suspended from the record date of Sept. 25 to the consummation of the redemption.
After the partial redemption, S$218,750 per S$250,000 par note will remain outstanding.
The notes were issued under the company’s S$500 million multicurrency debt issuance program.
ASL Marine is a Singapore-based shipping firm.
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