You are here

Swiber not able to pay coupon, redeem principal of medium-term notes

Wednesday, April 19, 2017 - 17:59

39237483 - 28_07_2016 - jwswiber29.jpg
Swiber Holdings is unable to redeem the principal or pay the coupon for some S$160 million of outstanding medium-term notes, its judicial managers said after the market closed on Wednesday.

SWIBER Holdings is unable to redeem the principal or pay the coupon for some S$160 million of outstanding medium-term notes, its judicial managers said after the market closed on Wednesday.

The principal sum of the notes matured on April 18, 2017. These notes are issued under Swiber's S$1 billion multi-currency debt issuance programme.

They are pegged to a fixed interest or coupon rate of 7.125 per cent.

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