Bilt Paper defers interest payment on $200 million securities

By Rebecca Melvin

New York, Feb. 5 – India’s Bilt Paper BV, a subsidiary of Ballarpur Industries Ltd., said that it is deferring the interest payment in respect of $200 million subordinated perpetual capital securities, which was slated to be paid on Feb. 11.

The announcement was made in a news release to the Singapore Stock Exchange.

The paper and pulp maker is based in Gurgaon, India.

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