Singapore Technologies Engineering (ST Engineering) subsidiary, ST Engineering Financial I, has completed its early redemption of the $500million 4.80% notes due 2019 guaranteed by ST Engineering and issued under its $1.2bn multicurrency medium term note (MTN) programme.
Following the completion of the Redemption, the notes will be cancelled in their entirety and delisted from the Singapore Exchange.
This exercise is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.