Sunpower Group Redeems $54 Million in Bonds

MT Newswires

2025/01/03

Sunpower Group (SGX:5GD) redeemed $54 million of its existing bonds, reducing the outstanding principal to $83.6 million, according to a Thursday filing on the Singapore Exchange.

The partial redemption is part of the company's debt reduction strategy ahead of a proposed SG$99.6 million rights issue. Further redemptions are planned before the completion of the rights issue.

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