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Prospect News home > News index > List of issuers S > Headlines for Swiber Holdings Ltd. > News item
Published on 7/31/2017 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Singapore’s Swiber defaults on upcoming coupon for 6˝% sukuk due 2018

By Marisa Wong

Morgantown, W.Va., July 31 – Swiber Holdings Ltd. said it is unable to make the upcoming coupon payment on its S$150 million 6˝% series 001 trust certificates due 2018.

The coupon payment is due Aug. 2.

The series 001 trust certificates were issued under the company’s $500 million multicurrency Islamic trust certificates program.

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


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