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    Swiber defaults on coupon payment

    Company News // August 1, 2017

    Referring to an announcement released by its parent company, Swiber Holding Limited (Judicial Managers Appointed), on 31 July 2017 with regards to the coupon payment for the company’s S$150,000,000 6.50 per cent Trust Certificates due 2018, issued pursuant to the Issuer’s US$500,000,000 Multicurrency Islamic Trust Certificates Issuance Programme, Swiber Capital Pte Ltdsays the company is unable to make the payment for the Series 001 Trust Certificates due on 2 August 2017.

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