Palantir shares slip by 7% despite posting record revenue in third quarter
LONDON - Aseana Properties Limited (LSE:ASPL), a Malaysia-focused property developer, has secured a 60-day extension for the repayment of medium term notes (MTNs) with a nominal value of 6.65 million Malaysian ringgit (approximately $1.6 million), according to a press release statement issued Monday.
The extension agreement was reached between MTrustee Berhad, the trustee of the MTNs, and Potensi Angkasa Sdn. Bhd., a wholly owned subsidiary of Aseana Properties. The maturity dates for the seven tranches of MTNs have been pushed from September 30 and October 13, 2025, to December 1 for four tranches and December 12 for the remaining three tranches.
The coupon rate will remain unchanged at 7%, calculated based on actual days elapsed on a 365-day basis.
This extension follows a similar arrangement announced on April 7, 2025, when the company secured extensions for nine tranches of MTNs with an aggregate nominal value of 8.55 million Malaysian ringgit (approximately $1.9 million). Two of those tranches have since 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.