Oxley Holdings has purchased US$38.8 million ($51.4 million) notes with a coupon of 6.375% due 2021, and $1.25 million notes with a coupon of 6.5% due 2023 issued by its wholly-owned subsidiary, Oxley MTN, under its US$1 billion guaranteed euro medium term note programme established on April 7, 2017.

The notes were purchased at a consideration of US$37.9 million and $1.06 million respectively.

The notes will mature on April 21 and Feb 28, 2023 respectively.

The purchase of the notes has resulted in the group’s aggregate cost of investment in quoted securities to exceed 5% of the latest audited consolidated net tangible assets (NTA) of the Group as at June 30, 2020.

Shares in Oxley closed 0.5 cent higher or 2.1% up at 24 cents on Jan 14.