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Debt - Change of Terms::Notice to Bond Holders - US$400,000,000 2.50 per cent. Co...

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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 28-Aug-2015 17:48:19 Status New Announcement Sub Title Notice to Bond Holders - US$400,000,000 2.50 per cent. Convertible

Bonds due 2017

Announcement Reference SG150828OTHR8UWC Submitted By (Co./ Ind. Name) Kimberley Lye Chor Mei Designation Director, Corporate Secretarial

Notice to Bond Holders - US$400,000,000 2.50 per cent. Convertible
Bonds due 2017 (the "Bonds")
Repurchase of Bonds

Description (Please provide a detailed description of the change in the box below)

The Board of Directors of Golden Agri-Resources Ltd (the "Company") wishes to announce that the Company has repurchased from the open market US$61 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$61.61 million (including accrued interest), which was settled on 28 August 2015.
Following the settlement, the Repurchased Bonds have been cancelled and the outstanding principal amount of the Bonds has been reduced to US$290.4 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
28 August 2015

Additional Details

Asset Class Convertible Bonds

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28/8/2015

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