Swiber’s interim judicial managers said it was unable to pay the coupon due on 18 September on its RMB450m 7.75% fixed rate notes due in 2017.
Meanwhile claims against Swiber increased to $231.4m as of 15 September and it said the company was seeking advice on the claims.
Singapore-listed Swiber was placed under interim judicial management on 4 August, having previously filed for insolvency at the end of July.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
