Oxley to redeem retail bonds due 2019 with scheduled cash inflow from foreign, local sales

SINGAPORE (August  6): Eric Low, deputy CEO of Oxley Holdings, has his eye firmly fixed on the company’s cash flow. Based on its corporate presentation in July, the market is anticipating a cash inflow of $368 million for the second half of this calendar year. (Oxley has a June year-end.) The cash assumptions are based on an expected cash flow of $230 million from the Royal Wharf development in London, and $138 million from the sale of Dublin Landings Office Blk D.