Geo Energy buys back additional $50.32 million of 8% notes due 2022

By Taylor Fox

New York, Sept. 9 – Singapore’s Geo Energy Resources Ltd. bought back another $50.32 million principal amount of Geo Coal International Pte. Ltd.’s $300 million 8% senior notes due 2022 (ISINs: USY2700AAB53, US37255AAB70), according to a company announcement via the Singapore Stock Exchange.

The amount paid for the notes including interest was $30,128,977.

Following cancellation of the repurchased notes, there is $59,187,000 principal amount of the notes outstanding.

Geo Energy’s cash and bank balance as of Aug. 21 was $60,903,692.

Geo Energy is a Singapore-based investment holding company that operates as a coal producer and mine contractor.

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