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SPH to buy back $500m 3.2% notes due 2030

Noteholders can sell back their notes, in cash, at a 100.75% price.

Singapore Press Holdings has launched a consent solicitation and tender offer exercise to buy back its outstanding $500m 3.2% notes due 2030, issued under the group's $1b multicurrency debt issuance programme.

Noteholders can sell back their notes to the company, in cash, at a purchase price of 100.75% of the principal amount from 24 March to 18 April at 2 PM. Those who deliver their consent by 7 April at 5 PM will receive an early consent fee equal to 0.25% of the principal amount. Consent given after this deadline will entail a normal consent fee of 0.15%.

DBS Bank has been appointed by SPH as its dealer manager for the exercise.

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