Corporate digest

Centurion Corporation

CENTURION Corporation is inviting noteholders to exchange S$85 million of 5.25 per cent notes due 2020 for new S$85 million of 5.5 per cent notes due 2022, and will pay a 0.25 per cent exchange premium. The invitation began at 9am on Jan 7 and will expire at noon on Jan 18.

Centurion intends to exercise its option to redeem all the outstanding existing notes on the interest payment date of April 12, 2019, a year ahead of the maturity date. Existing notes may only be offered for exchange in principal amounts of S$250,000 and multiples thereof. Those which are not exchanged are expected to be redeemed on April 12 at 100 per cent of their principal amount, together with interest accrued to but excluding April 12.