Debt - Change of Terms::Notice to Bond Holders - US$400,000,000 2.50 per cent. Convertible Bonds due 2017

Issuer & Securities

Issuer/ Manager
GOLDEN AGRI-RESOURCES LTD
Securities
GOLDEN AGR US$400M2.5%CB171004 - XS0827518159 - 2JMB
Stapled Security
No

Announcement Details

Announcement Title
Debt - Change of Terms
Date &Time of Broadcast
27-May-2015 18:58:41
Status
New
Announcement Sub Title
Notice to Bond Holders - US$400,000,000 2.50 per cent. Convertible Bonds due 2017
Announcement Reference
SG150527OTHRTMBB
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Designation
Director, Corporate Secretarial
Description (Please provide a detailed description of the change in the box below)
Notice to Bond Holders - US$400,000,000 2.50 per cent. Convertible Bonds due 2017 (the "Bonds")

Repurchase of Bonds

The Board of Directors of Golden Agri-Resources Ltd (the "Company") wishes to announce that the Company has repurchased from the open market US$2 million of the principal amount of the Bonds (the "Repurchased Bonds") which are listed on the Singapore Exchange Securities Trading Limited and maturing on 4 October 2017, for an aggregate cash consideration of approximately US$1.985 million (including accrued interest), which was settled on 27 May 2015.

Following the settlement, the Repurchased Bonds have been cancelled and the outstanding principal amount of the Bonds is reduced to US$398 million.

The Company may conduct further repurchases if conditions are favourable to the Company and in line with its treasury management strategy.


BY ORDER OF THE BOARD
GOLDEN AGRI-RESOURCES LTD


Rafael Buhay Concepcion, Jr.
Director
27 May 2015

Additional Details

Asset Class
Convertible Bonds