Restructuring Singapore owner Swiber Holdings will miss a third coupon payment on bonds.
It said it was unable to pay an instalment due on 18 October under its SGD 160m ($115.45m) issue.
This carries interest of 7.125% and matures in 2017 as part of its SGD 1bn multicurrency debt series.
This is the third announcement of a missed coupon payment since Swiber filed a winding up application in late July, which was subsequently turned into a restructuring under judicial management.
It
