RHG Ltd, formerly RAMS Home Loans, is looking ask its bond holders to extend the call date for a $232 million debt.
RHG has so far repaid the A1 and A2 bonds that were issued in 2002 in four classes.
RHG wants to extend the call date for a $232 million debt from May 2008 to April 2010.
RHG said if bond holders do not approve the proposal, the company would not call the notes and the original step up margin would be paid.
The company is due to make a similar proposal for $364 million of debt due in June.
Australian Property Journal
