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Extension of Medium Term Notes Repayment Date

In brief · summary, not quotable

Aseana extends maturity of 2.85m ringgit medium term notes by 90 days to 1 December 2025.

  • MTNs nominal value 2.85m Malaysian ringgit (eq. c.$0.6m)
  • Extension period 90 days
  • New maturity date 1 December 2025
  • Coupon rate 7%
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Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, announces an extension to the repayment date for 3 tranches of the medium term notes with nominal value of 2.85 million Malaysian ringgit (eq. c.$0.6 million) (the "MTNs").

The extension to the repayment date for these tranches of the MTNs follows on from the previous 180 day extension secured for these 3 tranches of MTNs, as announced by the Company on 5 March 2025.

MTrustee Berhad ("MTrustee"), the trustee of the MTNs and Potensi Angkasa Sdn. Bhd. ("Potensi Angkasa"), a wholly owned subsidiary of the Company, have agreed for a time extension of 90 days for Potensi Angkasa to make full payment of the nominal value, together with any accrued unpaid coupon for the MTNs. As such, the existing maturity date of 2 September 2025 for the MTNs have been extended to 1 December 2025 and the coupon rate payable is to remain unchanged at 7%, calculated on the basis of the actual number of days elapsed on a 365-day basis, the same terms as previously agreed as part of the extension of the maturity date announced on 5 March 2025.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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