Singapore’s Oxley fully redeems, cancels 4.5% secured convertibles

By Mary-Katherine Stinson

Lexington, Ky., Jan. 19 – Oxley Holdings Ltd. redeemed and canceled all its $72 million in tranche A 4.5% secured convertible notes, which were issued on Jan. 19, 2021, according to a company announcement.

The redemption price plus the applicable premium in addition to accrued interest was paid in cash on Jan. 19.

Conversion rights are no longer exercisable.

Oxley is a property developer based in Singapore.

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