TSX higher on employment data
LONDON - Aseana Properties Limited (LSE:ASPL), a Malaysia-based property developer, has secured a 90-day extension for the repayment of four tranches of medium term notes (MTNs) with a nominal value of 3.8 million Malaysian ringgit (approximately $0.9 million), according to a press release statement.
The extension moves the maturity date from August 18 to November 17, 2025, with the coupon rate remaining unchanged at 7%, calculated based on actual days elapsed on a 365-day basis.
MTrustee Berhad, the trustee of the MTN, and Potensi Angkasa Sdn. Bhd., a wholly owned subsidiary of Aseana, reached the agreement for the extension, which allows Potensi Angkasa additional time to make full payment of the nominal value along with any accrued unpaid coupon.
This extension follows similar arrangements secured for six earlier tranches of MTNs with an aggregate nominal value of 5.7 million Malaysian ringgit (approximately $1.3 million), which the company announced on February 24, 2025. Two of those six tranches have already been redeemed prior to their maturity date.
Aseana Properties is listed on the main market of the London Stock Exchange.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.