Singapore’s CW Group to buy back up to S$15 million of 7% notes at 90

By Marisa Wong

Morgantown, W.Va., April 3 – CW Group Holdings Ltd. said it plans to repurchase up to S$15 million of its S$75 million 7% notes due 2018 for cash in the open market.

The proposed repurchase price is 90 plus accrued interest to the settlement date.

The repurchase period will be from April 3 to April 17.

DBS Bank Ltd. will be the buyback agent.

The company intends to fund the repurchase with its banking facilities.

CW Group is a Singapore-based provider of precision engineering solutions and manufacturer of machine tools. Its production facilities are in China.

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