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First Sponsor buys back S$22 million 3.29% notes due 2025
By Marisa Wong
Los Angeles, June 12 – Singapore’s First Sponsor Group Ltd. said wholly owned subsidiary Wenjiang (BVI) Ltd. repurchased on June 11 S$22 million, or 22%, of its outstanding 3.29% notes due 2025.
The notes were purchased for S$22,253,109, according to a notice.
The company said it used bank loans to fund the buyback.
First Sponsor is an investment holding company.
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