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Aseana Properties Extends Repayment Date for Medium Term Notes

Story Highlights
  • Aseana Properties extends repayment for three tranches of medium term notes.
  • The extension provides Aseana more time to manage financial obligations, with a new maturity date set for September 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Aseana Properties Extends Repayment Date for Medium Term Notes

Aseana Properties ( (GB:ASPL) ) has issued an update.

Aseana Properties Limited has announced an extension to the repayment date for three tranches of medium term notes, totaling 2.85 million Malaysian ringgit. This follows a previous extension for six tranches, highlighting the company’s ongoing efforts to manage its financial obligations. The new maturity date is set for 2 September 2025, with the coupon rate maintained at 7%. This extension provides Aseana with additional time to fulfill its payment commitments, potentially stabilizing its financial standing and reassuring stakeholders.

More about Aseana Properties

Aseana Properties Limited is a property developer based in Malaysia, listed on the main market of the London Stock Exchange. The company focuses on developing real estate projects in Malaysia.

YTD Price Performance: -16.67%

Average Trading Volume: 41,365

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $11.99M

Find detailed analytics on ASPL stock on TipRanks’ Stock Analysis page.

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