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.
According to Oxley Holdings 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.
The new notes will be fungible and consolidate into the same series.
The decision to accept any and all offers to exchange is at the discretion of Oxley MTN, which is also the issuer of the notes.
Shares in Oxley closed at 9.1 cents on March 8.
