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

Aseana PropertiesAnnouncement

07/04/2025 13:01

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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                            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 / Ashur Joseph

 

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