Swiber defaults on Aug 2 coupon payment
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Angela Tan
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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 as part of the latter's US$500 million multicurrency Islamic trust certificates issuance programme.
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