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

Issuer & Securities

Issuer/ Manager
CERAH CAPITAL LTD.
Security
CERAH CAPITAL US$500MEB240808 - XS2027352405 - WHRB

Announcement Details

Announcement Title
Issuer's Early Redemption (Call Option)
Date &Time of Broadcast
15-Jul-2022 18:14:56
Status
New
Corporate Action Reference
SG220715MCALUCMX
Submitted By (Co./ Ind. Name)
Ng Eu Gin
Designation
Director, Khazanah Nasional Berhad
Original Maturity Date
08/08/2024

Event Narrative

Narrative Type
Narrative Text
Narrative versionKhazanah Nasional Berhad (Khazanah), acting in its capacity as Guarantor, on behalf of Cerah, gives notice to the Bondholders pursuant to Condition 8.2.2 under Condition 8.2 (Redemption at the option of the Issuer) of the Conditions of the Bonds (the Conditions), as further described below.

Redemption at the option of the Issuer

Upon completion of the Redemption at the option of the Bondholders on 8 August 2022, there will only be USD3,750,000.00 in principal amount of the Bonds that will be outstanding, which is less than 10 per cent. of the aggregate principal amount of Bonds originally issued. Accordingly, Khazanah, on behalf of Cerah, gives notice that it wishes to exercise its right, pursuant to Condition 8.2.2 under Condition 8.2 (Redemption at the option of the Issuer) of the Conditions, to redeem the then outstanding Bonds at 100 per cent. of their principal amount on the date fixed for such redemption, being 15 August 2022.

All capitalized terms not otherwise defined herein have the same meanings given to them in the Conditions.

This notice should be read in conjunction with the Conditions set out in the Offering Circular dated 5 August 2019 relating to the Bonds.

Disbursement Details

Existing Security Details
Cash Payment Details
Redemption Rate (%)
100
Pay Date
15/08/2022

Attachments