MPACT Management, the manager of Mapletree Pan Asia Commercial Trust (MPACT), announced that that Mapletree North Asia Commercial Treasury Company (HKSAR) Limited has on Sept 23 redeemed HK$326 million ($56.8 million) in principal amount of 3.00% Notes due Sept 20 that were issued on the same date in 2016.
This redemption is under the US$1.5 billion Euro Medium Term Securities Programme which was established on May 31, 2013.
HKSAR had on Aug 2, 2022, redeemed HK$374 million in aggregate principal amount of the notes following the exercise of delisting/suspension of trading Put right in respect of the notes by holders. Consequent to the redemption on maturity today for the principal amount of HK$326 million, the Series 007 Notes have been fully redeemed.
Units in MPACT closed at $1.51 on Sept 20.
