Centurion invites noteholders to exchange, sell S$60m due-2022 notes
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Fiona Lam
Singapore
WORKER and student accommodation provider Centurion is inviting holders of its existing S$60 million due-2022 notes to exchange them for new 3.5-year notes at a premium and/or to sell them for cash at par.
It is looking to exchange any and all of those outstanding notes for a like principal amount of new Singapore dollar-denominated 3.5-year fixed-rate due-2024 notes, which will carry a higher coupon rate.
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