They are issued under the company’s S$3 billion multicurrency medium-term note programme
GUOCOLAND’S wholly owned subsidiary, GLL IHT, will redeem S$400 million subordinated perpetual securities.
They will be redeemed at S$250,000 for every S$250,000 in nominal amount of the perpetual securities, together with distribution accrued to but excluding Jan 23, 2025, said GuocoLand on Friday (Dec 6).
The perpetual securities were issued by GLL IHT with a coupon of 4.6 per cent under the group’s S$3 billion multicurrency medium-term note programme.
On the redemption date of Jan 23, 2025, the global certificate will be presented and surrendered by the Central Depository to the issuing and paying agent.
“Upon the redemption of the perpetual securities, the perpetual securities will be cancelled thereafter and delisted from the Singapore Exchange Securities Trading,” the group noted.
Shares of GuocoLand closed flat at S$1.48 on Thursday.
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