As we expected, APA Group today announced the redemption of its subordinated notes (ASX: AQHHA) as part of its interim results (1H18).
The redemption will take place on the first optional call date (31 March 2018) and holders on the record date (23 March 2018) will be entitled to the final payment.
The final payment comprises face value ($100 per note) together with a final interest payment of $1.5510 per note.
It is expected that the notes will cease trading on the 21st of March 2018.
