INTEGRATED healthcare provider Fullerton Healthcare Corp has redeemed its US$175 million senior, unsecured perpetual capital securities in full. Read more at The Business Times.
INTEGRATED healthcare provider Fullerton Healthcare Corp has redeemed its US$175 million senior, unsecured perpetual capital securities in full.
This underscores the Singapore-based company's"financial resilience and commitment to stakeholders amid economic uncertainty arising from the Covid-19 pandemic", it said in a press statement on Monday. The 7 per cent perps were redeemed on the first call date of April 6, funded by a combination of internal and external resources.. If unredeemed, the coupon rate for any outstanding principal would have reset every three years after the first call date to the prevailing three-year US Treasury rate plus an initial spread plus 5 per cent.
The company on Monday said the issuance's proceeds had helped it expand geographically, add new capabilities and service offerings, and deepen its presence in core markets.
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