Bondholders in troubled Swiber Holdings and Rickmers Maritime Trust (RMT) are looking to offload millions of dollars of debt at just 1% to 2% of face value.
UK claims brokerage Southey Capital currently prices Swiber paper at 1% and RMT at 0.5%.
It is selling at 3% and 2.5% respectively.
Swiber is under judicial management in Singapore in tough offshore markets. It faces claims of around $241m.
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