Mongolian Mining Completes Redemption Of Notes At 109.27 Pct Of Principal

KUALA LUMPUR, April 16 (Bernama) -- Mongolian Mining Corporation officially completed the redemption of all its outstanding Notes on April 15.

According to a statement, this move follows the company’s earlier announcement on April 3 regarding its intention to fully redeem the Notes.

The redemption was carried out at a price equal to 109.27 per cent of the principal amount, along with any accrued and unpaid interest up to—but not including—the redemption date. The company confirmed that this financial action will not have any significant impact on its financial standing.

Following the completion of the redemption, all the Notes have been cancelled and delisted from the official list of the Singapore Exchange Securities Trading Limited.

The statement was authorised by the company’s Board of Directors, chaired by Odjargal Jambaljamts.

-- BERNAMA