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Published on 9/16/2016 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

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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