Swiber to default on S$100m notes due 2016
Published Thu, Oct 6, 2016 · 02:19 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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Keppel prices 70 million euros of floating-rate notes due 2031
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%
Huawei’s smart car tech offers automakers route to China sales
Electrolux Q1 loss nearly triples on weak demand but beats expectations