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Pacific Radiance's new restructuring terms leave noteholders still miffed

It will leave noteholders with steep haircut, losing protection as creditors


PACIFIC Radiance has commenced a consent solicitation exercise (CSE) on a revised debt restructuring plan for its S$100 million 4.3 per cent medium-term notes.

The offshore and marine group is still proposing a debt-to-equity conversion of the notes in full, although...

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