Sponsored By
Swiber misses coupon payment on bond
Financially-troubled offshore company Swiber Holdings missed a coupon payment on one of its bond issues on Sunday.
1 Min Read
![](https://eu-images.contentstack.com/v3/assets/bltdcfe6aab5515629e/blt3c4fb9e362e02b5b/6674191a3a6c07d70455e042/cargo-bunker-ships-in-sea.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
Kalyakan - stock.adobe.com
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.
Read more about:
SingaporeAbout the Author
Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community
You May Also Like