Reduces unsecured debt from USD 207.54 mn in 2012 to USD 86.4 mn
GTL Infrastructure has successfully completed the exchange of Existing Series B Bonds with Series B1 Bonds, Series B2 Bonds and Series B3 Bonds in its efforts to reduce its debts to sustainable levels. The New Bonds are listed on the Singapore Exchange Securities Trading.Post the completion of the exchange, the unsecured debt held through optionally convertible bonds now stands reduced from USD 207.54 million in 2012 to USD 86.4 million as Series B1 Bonds and Series B3 Bonds are compulsorily convertible bonds.
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