SUBSCRIBERS
ASL Marine sets out restructuring terms over S$150m debts
Published Thu, Dec 29, 2016 · 09:50 PM
Singapore
SHIPBUILDER and vessel charterer ASL Marine on Thursday sought an extension from bondholders of two note issues due soon that are worth S$150 million in all - with a loan facility hinging on the bond restructuring.
In turn, ASL Marine will progressively step up on the coupon rate for the bonds for the extended three years, but also offer to redeem part of the principal over the same time.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%