AusGroup flags potential default event for medium term notes
Ministerial consent outstanding for mortgage of Australian property
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MAINBOARD-LISTED AusGroup, before trading commenced on Friday, flagged a potential event of default tied to the restructuring of S$110 million of medium term notes (MTN).
AusGroup advised that ministerial consent remained outstanding for the purpose of the mortgage of a property in Australia that is included in a general security deed and mortgage tied to the MTN restructuring exercise.
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