CWT redeems bonds but uncertainty looms
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Singapore
A COLLECTIVE sigh of relief could be heard Thursday when CWT Pte Ltd, the Singapore-based logistics unit of HNA, confirmed that it had fully redeemed its S$100 million notes due the same day, together with accrued interest.
Note holders were bracing for the worst after CWT's parent company, Hong Kong-listed CWT International, said on Tuesday that it had failed to pay interest on a HK$1.4 billion (S$241.7 million) facility.
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