Suntec Real Estate Investment Trust on May 30 redeemed and canceled S$45.5 million in principal amount of convertible bonds due 2021.
The notes are part of HSBC Institutional Trust Services (Singapore) Ltd.'s issuance of S$300.0 million of 1.750% convertible notes due 2021. It now has S$88.0 million in principal amount outstanding as a part of the issuance.
The company recently converted and canceled S$166.5 million of the bonds.
As of May 31, US$1 was equivalent to S$1.38.