Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Overseas Education Ltd. > News item |
Singapore’s Overseas Education buys back some 5.2% bonds due 2019
By Marisa Wong
Morgantown, W.Va., April 10 – Overseas Education Ltd. said it has repurchased a total of S$6 million of its 5.2% bonds due 2019.
The company bought back S$1 million on Nov. 27 and S$5 million on April 10.
Following cancellation of the repurchased bonds, S$130 million of the original S$150 million principal amount remains outstanding. The company had repurchased some of the bonds in September 2016 and May 2017.
The company said the latest buyback resulted in net interest savings of about S$368,000.
The repurchase was funded by internal resources.
The private foreign school system is based in Singapore.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.