E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers S > Headlines for Swiber Holdings Ltd. > News item
Published on 8/1/2016 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Singapore’s Swiber defaults on Aug. 2 coupon for 6˝% trust certificates

By Marisa Wong

Morgantown, W.Va., Aug. 1 – Swiber Holdings Ltd. announced that Swiber Capital Pte. Ltd. will be unable to make the upcoming coupon payment for its S$150 million 6˝% series 001 trust certificates due 2018.

The coupon payment is due on Aug. 2.

The company said it will make further announcements regarding the default.

The series 001 trust certificates were originally issued under Swiber’s $500 million multicurrency Islamic trust certificates issuance program.

Swiber is a Singapore-based offshore oil and gas company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.