Seazen Holdings launched a tender to buy its $200mn 7.5% bonds due March 20, 2022 at par. The bonds, issued by its overseas subsidiary New Metro Global and guaranteed by the parent are currently trading at less than par, around 97.13 cents on the dollar. The deadline...
S&P upgraded ratings of Seazen Group and its subsidiary Seazen Holdings to BB+ from BB with a stable outlook. The upgrade comes on the back of increased recurring rental income, steady growth in contracted sales and stable leverage. S&P said Seazen’s...