Rickmers Maritime Trust (RMT) has unveiled plans for a proposed debt exchange with holders of a SGD 100m ($74.2m) bond due to mature in 2017.
It will be carried out via a consent solicitation exercise that seeks to exchange the existing principal amount of the bonds, and interest due thereon, for new unsecured SGD 28m fixed rate step-up perpetual convertible securities.
RMT
