SUBSCRIBERS

Jasper warns of potential default of US$165m senior bonds

Published Fri, Aug 22, 2014 · 10:00 PM

Singapore

THE board of Jasper Investments Limited yesterday warned of the potential breach of financial obligations under the five-year US$165 million senior secured bonds issued by its subsidiary Jasper Explorer plc.

The breach could happen as soon as Aug 31 as Jasper Explorer had failed to secure bondholders' approval for waivers and relief of its financial obligations.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes