Singapore boxship line PIL has bought back the remaining SGD 97m ($70.5m) of a bond issue that expired on Friday.
The SGD 130m issue was part of its SGD 1bn medium-term note programme.
Last year the company priced SGD 66m of three-year bonds at 8.5% as part of an exchange offer launched for the 2018 series.
A total of SGD 33m, or 25.4%, of the 2018 notes were offered for exchange at that time.
The new notes have a maturity in November, 2020.
