The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Wed, Apr 19, 2017 · 09:59 AM

    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.

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Singapore’s next chapter should not be framed as a choice between economic growth and social well-being. We need both.

    Singapore at 61: How we can ensure opportunity, security and ownership for the next generation

    As National Day approaches, Singapore is a winner by most traditional measures. But despite more people qualifying as millionaires, many do not feel financially secure.

    The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge

    To get the payment, one has to be a Singapore citizen who is staying here, and is aged 21 years or above in 2026.

    Over 2.4 million adult Singaporeans to get special S$400-S$600 cash payment in September

    Singapore consistently champions the open, rules-based order and the principle of Asean centrality that underpins regional and global stability.

    Why Asean matters more than ever to the UK and Singapore

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More