Ezra seeks latitude from bondholders again on S$150m notes
Session is drama-free but it offers up reason for investors to dump stock
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Anita Gabriel
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Singapore
DEBT-heavy Ezra Holdings' informal session to seek bondholders' leniency on its S$150 million notes lasted for two drama-free hours on Tuesday - relative to similar sessions by some industry peers - but over at the equity market, it offered up a reason for investors to dump the stock.
Shares of the oil slump-besieged offshore firm plumbed 16 per cent to four Singapore cents an hour into trading resumption after the company said it wants bondholders to bless its "pre-emptive" bid to free itself from meeting the financial covenants attached to the notes due in April 2018.
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