REG - Aseana Prop Ltd - Extension of Medium Term Notes Repayment Date

Aseana PropertiesAnnouncement

24/02/2025 07:00

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RNS Number : 1760Y  Aseana Properties Limited  24 February 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION WILL BE CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

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
6 tranches of medium term notes with aggregate nominal value of 5.7 million
Malaysian ringgit (eq. c.$1.3 million) ("MTNs").

 

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 6
tranches of the MTNs. The existing maturity date of 17 February 2025 for the
MTNs has been extended to 18 August 2025 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                                        kc.leong@aseanapropertieslimited.com

                                                         (mailto:kc.leong@aseanapropertieslimited.com)
 Tian Huat Lim

                                                         thlim@aseanaplc.com (mailto:thlim@aseanaplc.com)
 Thong Kok Cheong

                                                           kcthong@aseanaplc.com (mailto:kcthong@aseanaplc.com)

 Allenby Capital Limited (Financial Adviser)               +44 (0) 20 3328 5656
 Nick Naylor / Nick Athanas / George Payne / Ashur Joseph

 

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