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Malaysia's LBS Bina redeems RM 20 million of tranche 3 serial bonds
By Susanna Moon
Chicago, Jan. 15 - LBS Bina Group Bhd. said it redeemed all of the RM 20 million bonds issued in tranche 3 of its RM 65 million issue of secured serial bonds.
LBS said it redeemed RM 5 million of the bonds using internally generated funds on Dec. 14. The remaining RM 15 million was redeemed on the maturity date, Jan. 15, 2010.
The early redemption of RM 5 million of bonds contributed to an interest saving of RM 31,242, according to a company press release.
LBS Bina Group is an investment holding company based in Selangor Darul Ehsan, Malaysia
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