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.
Do you know more about this story? Contact us anonymously through this link.