SUBSCRIBERS
AusGroup proposes debt-to-equity conversion on notes, shareholder loan from Ezion
Add BT as a preferred source
Nisha Ramchandani
Published Sun, May 21, 2017 · 09:50 PM
Singapore
OILFIELD services firm AusGroup is proposing a debt-to-equity conversion for its S$110 million notes due 2018, and on a shareholder loan from Ezion Holdings.
Under the proposal, noteholders would exchange the existing notes - which come with an interest rate of 7.95 per cent - for new shares in the group, it said in an announcement to Singapore Exchange (SGX) on Sunday night.
Copyright SPH Media. All rights reserved.
