You are here

Swiber defaults on its bond coupon payout due on March 20

Tuesday, March 14, 2017 - 18:33

20_39237483.3 (40976391) - jwswiber29.jpg
SWIBER Holdings is unable to pay the upcoming coupon payment on its bond due on March 20, 2017, the company said in a SGX filing on Tuesday evening.

SWIBER Holdings is unable to pay the upcoming coupon payment on its bond due on March 20, 2017, the company said in a SGX filing on Tuesday evening.

The bond it was referring to is the Series 017 450 million yuan (S$92 million) 7.75 per cent fixed rate notes due 2017 issued pursuant to the company's S$1 billion multi-currency debt issuance programme.

This comes soon after it said on March 7 that its court-appointed judicial managers have filed applications for extension until July to send to creditors a statement of proposals and summon a creditors' meeting.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom