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Swiber unable to pay upcoming coupon on S$50m of 6.25% debt due 2017
Thu, Oct 27, 2016 - 7:02 PM
BANKRUPT oil and gas contractor Swiber Holdings cannot pay the next coupon of its S$50 million 6.25 per cent Trust certificates due 2017.
The upcoming coupon payment is due Oct 30.
Swiber is under judicial management.