The Business Times
business-time-50
SUBSCRIBERS

ASL Marine sets out restructuring terms over S$150m debts

google-preferred-sourceAdd BT as a preferred source
Published Thu, Dec 29, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    asl marine

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

    Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

    Tthe Bond franchise has spanned over 60 years, grossing more than US$7 billion at the global box office, making it one of the most successful ever.

    Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise

    The acquisition of Citigroup's retail banking businesses in Indonesia, Malaysia, Thailand and Vietnam has helped double UOB’s customer base across the four markets.

    UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More