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Singapore’s Swiber defaults on coupon for RMB 450 million 7¾% notes
By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – Swiber Holdings Ltd. will be unable to make the upcoming coupon payment for its RMB 450 million of 7¾% notes due 2017, according to a company announcement.
The coupon payment is due on Sept. 18.
The notes were issued under Swiber’s S$1 billion multicurrency debt issuance program.
Swiber is a Singapore-based offshore oil and gas company.
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