Terms of bond restructuring not conclusive yet: AusGroup

Singapore

OILFIELD services provider AusGroup over the weekend clarified that negotiations are still ongoing with noteholders and stakeholders on its efforts to restructure the debt on its balance sheet.

In a Singapore Exchange (SGX) filing, the company referred to a Sept 2 Business Times report which said terms had been "set". It acknowledged that an informal meeting was held on Aug 31 as reported in BT but said "there is no certainty to the outcome of these negotiations".