Swiber says it is unable to pay upcoming coupon payment for fixed rate notes due 2017
Add BT as a preferred source
BELEAGUERED offshore marine group Swiber Holdings has announced that it is unable to pay the upcoming coupon payment for the Series 017 450 million yuan (S$92 million) 7.75 per cent fixed rate notes due 2017 issued pursuant to the company's S$1 billion multicurrency debt issuance programme due on Sept 18, 2016.
It said this in a filing to the Singapore Exchange (SGX) late on Friday night.
This follows an earlier update on Friday evening that claims received by Swiber Holdings were at US$231.4 million as at Sept 15, up slightly from a week ago, when they were at US$230.7 million.
Swiber's interim judicial managers had then said the company is currently seeking legal advice on the above claims.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Singapore developer in limbo after Timor-Leste scraps major township project
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial
