Property developer Alam Sutera Realty (ASRI) plans to issue senior bonds worth US$485 million, used to pay off the Company’s debts, which will mature next year and 2022. The bond has a tenor of three years and will be issued by its subsidiary, Alam Synergy Pte. Ltd., based in Singapore. All funds obtained from the issuance will be used to pay off the remaining debts of 2021 and 2022, including interest and costs to be paid, along with relevant redemption prices that have not been paid off.
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