According to Oxley Holdings (SGX:5UX
) , the company has received interest from its major noteholders who would like to extend their bond investment and remain invested in the company upon the impending redemption of the existing notes.
Oxley Holdings, through its wholly-owned subsidiary, Oxley MTN, is offering to exchange all of its outstanding $195 million Series 004 notes due in 2024 for the same amount of Singapore dollar (SGD)-denominated fixed rate notes due 2025.
The $195 million notes carry a coupon of 6.9% and are issued under the company’s US$1 billion ($1.33 billion) guaranteed Euro medium term note programme.
