MARKETS & INVESTING, STOCKS | Staff Reporter, Singapore

Sembcorp Industries to get $200m of 5% perpetual securities

It will cease trading in SGX securities after redemption.

Sembcorp will redeem all of its 5.00% subordinated perpetual securities for a total of $200m from its $2.5b multicurrency debt issuance program, an announcement revealed.

The firm will get the securities 100% of every securities valued at $250,000.

Upon redemption, the perpetual securities will be cease trading in the Singapore Exchange (SGX) securities.

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