ASL Marine to hold third meeting with bondholders over debt restructure
Add BT as a preferred sourceSHIPBUILDER and vessel charterer ASL Marine on Wednesday said that it would convene its third informal meeting with bondholders who hold some S$150 million worth of notes on Dec 5, to present the revised proposal for the notes.
The bondholders hold notes sold under two tranches: one series of S$100 million in notes technically due 2017 that paid 4.75 per cent per annum, and a second series of S$50 million notes due 2018 that paid 5.35 per cent per annum.
Shares of ASL Marine last traded at S$0.079.
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