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Swiber to default on S$100m notes due 2016

Thursday, October 6, 2016 - 22:19
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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.

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.

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