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Haircuts are now a necessary evil in O&M sector's notes restructuring

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The plight of a largely retail-based Singdollar noteholder community with exposure to Singapore's offshore and marine (O&M) sector is back in the spotlight this week.

THE plight of a largely retail-based Singdollar noteholder community with exposure to Singapore's offshore and marine (O&M) sector is back in the spotlight this week.

A string of disclosures reflects the inconvenient truth that O&M players, under tremendous financial pressure two...

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