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
Xi Jinping has just rewritten the rules of US-China rivalry
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Germany, Spain push back on European plan to ban Huawei gear
