Utico urges debt holders to vote scheme in

Singapore

MIDDLE Eastern utility firm Utico on Monday sought to get medium term note (MTN) holders to vote for its scheme, while cautioning them about Aqua Munda's lack of transparency in its offer to pay upfront for their debt albeit at steeper discounts.

At a two-hour townhall attended by about 70 MTN holders, which is also Utico's first meeting with MTN holders, CEO Richard Menezes assured them of Utico's ability to…