Ezra seeks latitude from bondholders again on S$150m notes

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.