Oil and gas sector facing S$1b bond redemptions by next year
Fears of domino effect from Swiber's collapse piling up; issuers could face refinancing challenge: OCBC research
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WITH about S$1 billion in Singapore oil-and-gas bonds due by next year, fears are building that Swiber's collapse will trigger a domino effect on its peers.
An OCBC Investment Research report also pointed out that with the bond markets shut to offshore marine issuers, there are questions over how these issues will be refinanced. The total bonds maturing this year and the next come up to S$970 million for Singapore-listed oil-and-gas firms, the report showed.
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