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SWIBER FALLOUT

Swiber defaults on Aug 2 coupon payment

Singapore

SWIBER Holdings is unable to pay the coupon payment for the series 001 Trust Certificates due on Aug 2, 2016, provisional liquidator Cameron Duncan said on Monday.

The S$150 million 6.50 per cent certificates due 2018 were issued by its subsidiary Swiber Capital Pte Ltd

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