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

Aseana PropertiesAnnouncement

05/03/2025 12:30

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RNS Number : 4935Z  Aseana Properties Limited  05 March 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 3 tranches of medium term notes with aggregate nominal value of 2.85
million Malaysian ringgit (eq. c.$0.6 million) ("MTNs").

 

The extension to the repayment date for these 3 tranches of MTNs follows on
from the extensions secured for an initial 6 tranches of medium term notes
with an aggregate nominal value of 5.7 million Malaysian ringgit (eq. c.$1.3
million), as announced by the Company on 24 February 2025.

 

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 3
tranches of the MTNs.  The existing maturity date of 3 March 2025 for the
MTNs has been extended to 2 September 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

 Tian Huat Lim                                             thlim@aseanaplc.com

 Thong Kok Cheong                                          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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