Noteholder group seeks fairer terms in KrisEnergy's revamp

Singapore

KRISENERGY'S financial restructuring efforts have hit a roadbump. Some noteholders are demanding higher coupon rates and a shorter extension period, and also asking the company to commit itself to a more restrained and disciplined capital expenditure programme.

Otherwise, the group says in an open letter to the firm's noteholders and stakeholders, it intends to vote no to what it deems an "inequitable offer".