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Hotel Properties to redeem S$150M of 6.125% perpetual securities

Hotel Properties Ltd. will redeem S$150.0 million of its 6.125% perpetual capital securities May 4.

The securities will be redeemed at their principal amount, along with distributions accrued up to the date of redemption.

The company will pay registered holders of such securities as at five business days before May 4.

As of March 28, US$1 was equivalent to S$1.39.