Aseana Properties Limited Extension of Medium Term Notes Repayment Date

RNS Number : 9609D

Aseana Properties Limited

07 April 2025

 

7 April 2025

 

ASEANA PROPERTIES LIMITED
("Aseana" or the "Company")

 

Extension of Commercial Paper and Medium Term Notes Repayment Date

 

Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, announces an extension to the repayment date for a further 9 tranches of medium term notes with aggregate nominal value of 8.55 million Malaysian ringgit (eq. c.$1.9 million) (the "MTNs").

 

The extension to the repayment date for these 9 tranches of MTNs follows on from the extensions secured for an earlier 9 tranches of medium term notes with an aggregate nominal value of 8.55 million Malaysian ringgit (eq. c.$1.9 million), as announced by the Company on 24 February 2025 and 5 March 2025 respectively.

 

MTrustee Berhad ("MTrustee"), the trustee of the MTNs and Potensi Angkasa Sdn. Bhd. ("Potensi Angkasa"), a wholly owned subsidiary of the Company, have agreed for a time extension of 180 days for Potensi Angkasa to make full payment of the nominal value together with any accrued unpaid coupon for 9 tranches of the MTNs. As such, the existing maturity dates of 3 April 2025 and 14 April 2025 for the MTNs have been extended to 30 September 2025 and 13 October 2025 respectively and the coupon rate payable is to be maintained unchanged at 7%, calculated on the basis of the actual number of days elapsed on a 365-day basis, as opposed to the previously agreed term where the coupon payable was calculated on a semi-annual basis for early redemption.

 

 

Enquiries:  

 

Aseana Properties Limited
Leong Kheng Cheong Tian Huat Lim Thong Kok Cheong	[e-mail]  [e-mail]   [e-mail]
Allenby Capital Limited (Financial Adviser)	[phone]
Nick Naylor / Nick Athanas / Ashur Joseph

 

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