SINGAPORE (July 15): On June 19, KrisEnergy put up some proposals for discussion with its creditors. These creditors are DBS Bank which has provided the company with a revolving credit facility (RCF), Keppel Corp, through Zero Coupon Notes (ZCN), noteholders of two tranches of bonds, HSBC and Standard Chartered Bank (SCB). The RCF and Keppel Corp are secured creditors; the noteholders, HSBC and SCB are unsecured (see chart 1).

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