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Swiber unable to pay upcoming coupon on S$50m of 6.25% debt due 2017

Published Thu, Oct 27, 2016 · 11:02 AM

BANKRUPT oil and gas contractor Swiber Holdings cannot pay the next coupon of its S$50 million 6.25 per cent Trust certificates due 2017.

The upcoming coupon payment is due Oct 30.

Swiber is under judicial management.

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