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ASL Marine announces partial redemption of 5.35% notes on Oct. 3
By Mary-Katherine Stinson
Lexington, Ky., Sept. 16 – Singapore’s ASL Marine Holdings Ltd. announced a base mandatory redemption of its S$50 million 5.35% series 007 notes (ISIN: SG6TC3000008) on Oct. 3, according to a notice.
The company will redeem S$250,000 on a pro rata basis.
In the latest action, S$1,250 will be redeemed for each S$250,000 of notes.
The outstanding principal amount of each S$250,000 amount of notes is currently S$222,500 and there are 200 notes outstanding.
After the redemption that amount will be reduced to S$221,250.
The record date for the redemption will be Sept. 26.
The notes are set to mature in October 2026.
ASL Marine is a Singapore-based shipping firm.
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