Hotel Properties (SGX:H15) said holders of its SG$160 million worth of 5.50% perpetual securities would be given tax concessions by the Inland Revenue Authority of Singapore (IRAS).
The company applied to the IRAS for a ruling to grant tax concessions to holders, according to a filing with the Singapore Exchange on Tuesday.
The bonds are part of the company's SG$1.0 billion multicurrency debt issuance program.
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