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Swiber defaults on Aug 2 coupon payment

Angela Tan

Published Mon, Aug 1, 2016 · 09:50 PM

Singapore

SWIBER Holdings is unable to pay the coupon payment for the series 001 Trust Certificates due on Aug 2, 2016, provisional liquidator Cameron Duncan said on Monday.

The S$150 million 6.50 per cent certificates due 2018 were issued by its subsidiary Swiber Capital Pte Ltd as part of the latter's US$500 million multicurrency Islamic trust certificates issuance programme.

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