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Prospect News home > News index > List of issuers E > Headlines for E & O Property Development Bhd. (EOPD) > News item
Published on 11/9/2006 in the Prospect News Emerging Markets Daily.

E & O Property Development calls RM 116 million of bonds

By Laura Lutz

Des Moines, Nov. 9 - E & O Property Development Bhd. announced that it will redeem early RM 116 million nominal value of its four-year redeemable secured bonds 2003/2007.

On Nov. 24, the company will pay RM 118,339,069 for the bonds, which includes interest accrued up to the redemption date.

The company expects to save about RM 3.9 million per year because of the redemption.

Kuala Lumpur, Malaysia-based E & O is primarily involved in construction and property development and investment.


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