KUALA LUMPUR (Feb 7): Paramount Corporation Bhd has redeemed RM50 million worth of its RM200 million perpetual private debt securities (PDS) issued five years ago.

“All PDS redeemed by Paramount on Feb 7, 2019 shall be cancelled and may not be re-issued or re-sold. Following the redemption, the outstanding PDS remain at RM150 million,” the group said in a filing today.

Paramount had also issued two other PDS tranches totalling RM100 million in September 2015.

Shares in Paramount were not traded today. Their last traded price was RM2.09, giving it a market capitalisation of RM895.09 million.