Singapore’s Overseas Education repurchases some 5.2% bonds due 2019

By Sarah Lizee

Olympia, Wash., Sept. 12 – Overseas Education Ltd. said it repurchased S$9.5 million of its 5.2% bonds due 2019 on Wednesday.

Following cancellation of the repurchased bonds, S$120.5 million of the original S$150 million principal amount remains outstanding.

The company said the buyback resulted in net interest savings of about S$320,000.

The repurchase was funded by internal resources.

The private foreign school system is based in Singapore.

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