Fragrance Group to buy back up to $30m of its $100m notes

Submitted By:  Arianna Danganan Case Study:  No It will repurchase the notes at the daily prevailing market price quoted for the notes. Property developer Fragrance Group announced its intent to repurchase up to $30m in aggregate principal amount from the holders of its $100m 4.75% notes due November 21 that were issued under its $1b multicurrency debt issuance programme, a filing with the Singapore Exchange (SGX) revealed. The firm will repurchase the notes at the daily prevailing market price quoted for the notes, together with applicable accrued interest, subject to a cap of 97% of the principal amount of the note. read more