RHT Health Trust seeks 6-mth extension to maturity of S$120m notes

Singapore

RHT Health Trust is asking holders of S$120 million of 4.5 per cent notes due Jan 22, 2019 for a six-month extension to the notes' maturity date to accommodate delays in its asset sale to Fortis Healthcare.

RHT Health Trust, a business trust that operates India-based healthcare assets, is seeking noteholders' consent to push the maturity date to July 22, 2019, with redemption at maturity set at 100.45 per cent of the principal amount. Consenting noteholders will receive a one-time one per cent consent fee.