Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities ::TRAFIGURA ANNOUNCES CONFIRMATION THAT PERPETUAL SUBORDINATED SECURITIES ARE 'DEBT SECURITIES'

Issuer & Securities

Issuer/ Manager
TRAFIGURA BEHEER B.V.
Securities
TRAFIGURA S$200M 7.5%PERSEC - XS1033073922 - 2Y7B
Stapled Security
No

Announcement Details

Announcement Title
Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities
Date &Time of Broadcast
28-Oct-2014 19:10:52
Status
New
Announcement Sub Title
TRAFIGURA ANNOUNCES CONFIRMATION THAT PERPETUAL SUBORDINATED SECURITIES ARE 'DEBT SECURITIES'
Announcement Reference
SG141028OTHRXQU3
Submitted By (Co./ Ind. Name)
Trafigura Beheer BV
Designation
Corporate Finance
Effective Date and Time of the event
29/10/2014 10:00:00
Description (Please provide a detailed description of the event in the box below)
Trafigura Beheer B.V. today announces receipt from the IRAS of a tax ruling confirming that the Inland Revenue Authority of Singapore (IRAS) would regard its Perpetual Resettable Step-Up Subordinated Securities issued on 19 February 2014 (the Securities) as 'debt securities' for the purposes of Section 43(N)(4) of the Income Tax Act of Singapore (the 'ITA') and Regulation 2 of the Qualifying Debt Securities ('QDS') Regulations, and the interest (including Arrears of Interest and Additional Interest Amounts) arising from the Securities is interest payable on indebtedness. Moreover, IRAS advised that the Securities would be regarded as Qualifying Debt Securities ('QDS') and the Securityholders may enjoy the tax concessions and exemptions available for qualifying debt securities under Section 43(N) and Section 13(1)(a) of the ITA (the 'Qualifying Debt Securities Scheme'), provided that the other conditions under the Qualifying Debt Securities Scheme are met.

Attachments

Trafigura - Perpetual 2014 - QDS announcement.pdf
Total size =121K