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

Aseana PropertiesAnnouncement

13/06/2025 07:00

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RNS Number : 7537M  Aseana Properties Limited  13 June 2025

13 June 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 tranche of medium term notes with nominal value of 20.0 million Malaysian
ringgit (eq. c.$4.7 million) (the "MTN").

 

The extension to the repayment date for this tranche of MTN follows on from
the extensions secured for an earlier 18 tranches of medium term notes with an
aggregate nominal value of 17.1 million Malaysian ringgit (eq. c.$4.0
million), as announced by the Company on 24 February 2025, 5 March 2025 and 7
April 2025 respectively.

 

MTrustee Berhad ("MTrustee"), the trustee of the MTN 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 the
MTN. As such, the existing maturity date of 12 June 2025 for the MTNs have
been extended to 9 December 2025 and the coupon rate payable is to be
maintained unchanged at 7.5%, 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

 Lim Tian Huat                                 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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