Aqua Munda invites eligible Hyflux creditors to sell debt at 85% discount or more

Singapore

AQUA Munda is inviting Hyflux noteholders and unsecured creditors to offer their debts for purchase at a minimum discount of 85 per cent.

The invitation begins at 9 am on Dec 30 and expires at 5 pm on Jan 23, 2020, unless extended or terminated earlier, the Singapore-registered company said in its invitation memorandum on Dec 27.

Eligible creditors are invited to submit bids for some or all of their debt, with a discount of at least 85 per cent on the offered debt.

All offers, once tendered, may not be amended or revoked before the acceptance deadline, "save as required by or agreed with the investor", said Aqua …