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AusGroup proposes debt-to-equity conversion on notes, shareholder loan from Ezion

Monday, May 22, 2017 - 05:50

Singapore

OILFIELD services firm AusGroup is proposing a debt-to-equity conversion for its S$110 million notes due 2018, and on a shareholder loan from Ezion Holdings.

Under the proposal, noteholders would exchange the existing notes - which come with an interest rate of 7.95 per

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