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Ezra not paying interest due on fixed notes

OFFSHORE services group Ezra will not be paying interest due on April 24 relating to its notes after it filed for Chapter 11 bankruptcy protection in the United States last month as part of restructuring efforts.

The embattled firm has S$150 million of 4.875 per cent fixed rates notes due 2018 as part of its US$500 million mutli-currency debt issuance programme.

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