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    Swiber defaults on coupon payment

    Company News // October 14, 2016

    Swiber Holdings Limited has confirmed that it is unable to pay an upcoming coupon payment for the Series 014 SGD160,000,000 7.125% Fixed Rate Notes due 2017 issued pursuant to the company’s S$1,000,000,000 multicurrency debt issuance programme due on 18 October 2016.

    As highlighted previously, the company is currently in the hands of Interim Judicial Managers.

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