Swiber unable to pay upcoming coupon on S$50m of 6.25% debt due 2017
Published Thu, Oct 27, 2016 · 11:02 AM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Australian inflation boosts case for higher-for-longer rates
Gold edges down as Middle East worries ebb
Tesla could start selling Optimus robots by the end of next year, Musk says
Singapore stocks climb at Wednesday’s open; STI up 0.4%
China knockoff raid jolts a global throng of fake-fashion influencers
Singapore-based Amazon execs feel the brunt of job cuts