Issuer's Early Redemption (Call Option)::Mandatory

Issuer & Securities

Issuer/ Manager
PT ALAM SUTERA REALTY TBK.
Security
PTALAM US$171.397M6%N241102 - XS2238946581 - 5O2B

Announcement Details

Announcement Title
Issuer's Early Redemption (Call Option)
Date &Time of Broadcast
10-Nov-2022 11:20:12
Status
New
Corporate Action Reference
SG221110MCALVPFP
Submitted By (Co./ Ind. Name)
company
Designation
Company
Original Maturity Date
02/05/2024

Event Narrative

Narrative Type
Narrative Text
Narrative versionNotice is hereby given to the holders of the Notes (the Holders ).

Reference is made to the Indenture dated as of November 2, 2020 among the Company, the Subsidiary Guarantors (as defined in the Indenture), The Bank of New York Mellon, London Branch (the Trustee ) and Madison Pacific Trust Limited, as the notes collateral agent and pari passu collateral agent (the Collateral Agent ) (the Indenture ). Capitalized terms not otherwise defined herein shall have the meaning given to such terms in the Indenture.

Pursuant to Section 3.02(a) of the Indenture, the Issuer has irrevocably elected to redeem and pay, and will redeem and pay, on December 10, 2022 (the Redemption Date ), all of its outstanding Notes 2024 (the Redeemed Notes ) at a redemption price (the Redemption Price ) equal to 100% of the principal amount of all Redeemed Notes plus accrued and unpaid interest on the Redeemed Notes on the Redemption Date. On the Redemption Date, the Redemption Price will become due and payable on the Redeemed Notes. Unless the Issuer defaults in paying the Redemption Price on the Redemption Date, interest on the Redeemed Notes shall cease to accrue on and after the Redemption Date.

for more detailed information please refer to the attached Notice

Event Dates

Record Date and Time
10/11/2022 17:00:00
Ex Date
09/11/2022

Disbursement Details

Existing Security Details
Security Debit Date
18/11/2022
Cash Payment Details
Redemption Rate (%)
100
Pay Date
12/12/2022

Attachments