Futures point higher; AMD reports; Novo to cut costs - what’s moving markets
LONDON - Aseana Properties Limited (LSE: ASPL), a Malaysian property developer listed on the London Stock Exchange (LON:LSEG), has announced the extension of the repayment date for nine tranches of medium term notes (MTNs). The notes, with an aggregate nominal value of 8.55 million Malaysian ringgit, equivalent to approximately $1.9 million, have had their maturity dates postponed.
This extension follows similar adjustments made for another nine tranches of MTNs, also valued at 8.55 million Malaysian ringgit, which were previously announced on February 24 and March 5, 2025. MTrustee Berhad, the trustee for the MTNs, and Potensi Angkasa Sdn. Bhd., a wholly owned subsidiary of Aseana, have agreed to a 180-day extension period. This allows Potensi Angkasa additional time to fully repay the nominal value along with any accrued unpaid coupon.
The original maturity dates for these MTNs, April 3 and April 14, 2025, have now been extended to September 30 and October 13, 2025, respectively. The coupon rate will remain unchanged at 7%, calculated based on the actual number of days elapsed over a 365-day year. This is a departure from the previous terms, which calculated the coupon payable on a semi-annual basis for early redemption.
The information provided is based on a press release statement from Aseana Properties Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.