More updates on Eagle Hospitality Trust

On Aug 14, Eagle Hospitality Trust’s manager and trustee said they discovered an unauthorised loan application dated May 18, 2020 made under the United States Paycheck Protection Program (PPP) admi


Eagle Hospitality Trust update: Urban Commons and the audacity of hope

In a somewhat audacious move, on Aug 12, Urban Commons, the sponsor of Eagle Hospitality Trust when it listed in May last year, issued a press release full of angst.

Debt and defaults

No light at the end of the tunnel for Century Sunshine

SINGAPORE (July 13): Century Sunshine Group (CENSUN) announced on July 3 that it had defaulted on the $101.8 million SGD-bond as the company had not been successful refinancing the bonds.

Spackman surpasses breakeven point for 'Default', film grosses US$20 mil in box office revenue

SINGAPORE (Dec 10): Spackman Entertainment Group Limited says its new film, Default, has grossed US$20 million ($27.4 million) in box office revenue and crossed its break-even point of 2.6

Noble faces key deadlines as default threat looms

SINGAPORE (Dec 8): Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a US$3.5 billion debt restructuring.

Global Markets

Here are the markets moving on reports that Trump will drop Nafta

MEXICO (April 27): Mexico’s peso, the Canadian dollar and shares of companies that rely on cross-border trade plunged on speculation the Trump administration was close to scrapping Nafta.

Rickmers Maritime defaults on interest payment for $100 mil note due Nov 15; suspends trading

SINGAPORE (Nov 15): Rickmers Maritime's trustee-manager announced that it will default on the interest payment of its $100 million note due Nov 15 and will suspend trading of its shares immediately

Swissco defaults on interest payment; suspends trading

SINGAPORE (Oct 12): Troubled oil and gas services company Swissco announced it will default on its interest payment to noteholders on Oct 16 and will suspend trading with immediate effect.

Singapore banks can withstand losses from Asia’s O&G defaults: Fitch

SINGAPORE (Oct 11): Singapore banks are well positioned to withstand losses from Asia’s oil and gas defaults, says Fitch Ratings.

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