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AusGroup proposes debt-to-equity conversion on notes, shareholder loan from Ezion

Nisha Ramchandani

Nisha Ramchandani

Published Sun, May 21, 2017 · 09:50 PM
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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.

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Ezion

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