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Swiber to default on S$100m notes due 2016
Thu, Oct 06, 2016 - 10:19 PM
TROUBLED oil-and-gas firm Swiber Holdings said on Thursday it is unable to redeem, and to pay the upcoming coupon payment for, its S$100 million notes due Oct 10, 2016.
The notes paid a coupon of 5.55 per cent per annum.