Singapore's Swiber to default on coupon payment
18/09/2016 03:21
SINGAPORE, Sept 18 (Reuters) - Troubled Singaporean oilfield
services firm Swiber Holdings SWBR.SI said late on Friday it
was unable to make the coupon payment for its 450 million yuan
($67.5 million) fixed rate notes due on Sunday.
The company applied in July to place itself under judicial
management, after initially filing for liquidation, becoming the
largest local company to fall victim to the slump in oil prices.
($1 = 6.6707 Chinese yuan renminbi)
(Reporting By Aradhana Aravindan; Editing by Robert Birsel)
((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net))
Keywords: SWIBER BONDS/DEFAULT
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