The notes, which carry a coupon of 6.50% per annum (p.a.), will mature on Feb 28. There are a total of $75 million worth of outstanding notes.
The new notes have a principal amount of $250,000 and carry a coupon of 7.50% p.a. payable on the maturity date of the new notes. The maturity date of the new notes falls on or about Aug 24.
Oxley MTN, the issuer, will announce the aggregate principal amount of new notes to be issued as part of the additional new issue, if any, on Feb 20. The new notes are expected to be issued around Feb 24.
Shares in Oxley closed at 14.3 cents on Feb 3.
