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Oct 12, 2017 @ 18:30

First Gen buys back part of $300M Singapore-listed notes


Lopez-led First Gen Corp. is repurchasing some of the $300-million notes it listed on the Singapore Exchange Securities Trading Limited (SGX) to pare down debt.

FGen chief finance officer Emmanurl Singson said the company decided to buy back some of the $300-million 6.5-percent fixed rate notes due 2023 as part of its debt reduction plan.

The company issued the 10-year bonds in October 2013.

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