AusGroup becomes the first SGX-listed company to initiate a high-yield bond-to-equity conversion

AusGroup Limited (the “Company”) is pleased to announce its proposals to undertake an invitation to holders (the “Noteholders”) of its S$110,000,000 7.95 per cent. Notes due 2018 (ISIN: SG6TF6000008) issued by the Group (the “Notes”) to offer to exchange Notes for new ordinary shares in the capital of the Group (the “New Shares”) (the “Exchange Offer”).

Additionally, the Group is also proposing to undertake a capitalisation of the shareholder loan from Ezion Holdings Limited (“Ezion”) to the Group via the issuance of New Shares (the “Ezion Loan Capitalisation” and, together with the Exchange Offer, the “Proposed Transactions”).

Download PDF attachments to read more.