Oxley fully redeems $133 million 6.9% notes

Douglas Toh
1-min read

Oxley CEO Ching says that the full redmeption reflects his commitment to maintaining strong financial discipline.

Oxley Holdings has fully redeemed its $133 million 6.9 %. notes due end 2024 on July 8.

Since its first note issue, the group has had an unbroken track record of notes redemption and a total of more than $1 billion of notes have been redeemed since November 2019.

On its overseas project updates, Oxley’s Phnom Penh Shangri-La Hotel has been completed and is expected to be fully open to the public by the end of the year. The hotel, which has 303 rooms, sky dining facilities, a sky bar as well as swimming pool, gym and spa facilities, is located along the Mekong River, a prime location for both leisure and business travellers.

Meanwhile, the OxleyTower KLCC, is slated to be completed by early 2025. Situated at the heart of Kuala Lumpur's bustling city centre and adjacent to the renowned Petronas Twin Towers, Oxley Towers KLCC comprises three skyscrapers atop a two-story retail podium. This integrated development offers two luxury hotels and residences, premium office spaces, and upscale retail outlets. Furthermore, it will also become the fourth-tallest building in Malaysia and will boast the world's tallest open-to-sky swimming pool.

Ching Chiat Kwong, executive chairman and CEO of Oxley Holdings 5ux, says: “We are delighted to announce the full redemption of our $133 million 6.9% notes. This achievement reflects our steadfast commitment to maintaining strong financial discipline and fulfilling our financial obligations. We remain focused on sustainable growth and value creation for our stakeholders.”

Shares in Oxley closed flat 7.9 cents on July 8.

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