Singapore’s ASL Marine to mandatorily redeem S$250,000 of 5.35% notes

By Mary-Katherine Stinson

Lexington, Ky., March 14 – ASL Marine Holdings Ltd. will redeem S$250,000 of its outstanding series 007 5.35% notes due October 2026 (ISIN: SG6TC3000008) on a pro rata basis, with interest, according to an announcement.

The redemption date has been set for April 1.

The current amount outstanding per S$250,000 note is S$218,750, and there are 200 notes outstanding.

In the latest action, S$1,250 will be redeemed for each S$250,000 note.

Trading in the notes will be suspended from the record date of March 22 to the consummation of the redemption.

After the partial redemption, S$217,500 per S$250,000 par note will remain outstanding.

The notes were issued under the company’s S$500 million multicurrency debt issuance program.

ASL Marine is a Singapore-based shipping firm.

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