Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Bayfront Infrastructure Capital Pte. Ltd. > News item |
Bayfront Infrastructure Capital completes $412.2 million redemption
By Mary-Katherine Stinson
Lexington, Ky., Aug. 31 – Bayfront Infrastructure Capital Pte. Ltd. completed the $412.2 million early redemption of its rated notes at par together with any accrued interest on Aug. 31, according to a notice Wednesday.
As previously reported, holders of its $45.8 million outstanding subordinated notes due 2038 (ISIN: XS1830131063) voted via an extraordinary resolution on July 29 to exercise their right for the issuer to redeem the outstanding class A, B and C notes through the liquidation or realization of the collateral.
The redeemed rated notes were from the following series: $320.6 million outstanding class A senior secured floating-rate notes due 2038 (ISIN: XS1830126576); $72.6 million outstanding class B senior secured floating-rate notes due 2038 (ISIN: XS1830129919); and $19 million outstanding class C senior secured floating-rate notes due 2038 (ISIN: XS1830130925).
The certificates representing the rated notes will be canceled.
The notes had an original maturity date of Nov. 1, 2038.
Clifford Capital Pte. Ltd. is the collateral manager.
DB International Trust (Singapore) Ltd. is the trustee.
Based in Singapore, Bayfront is a financial services company focused on the issuance of securitization notes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.