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Ratings agencies did not look too kindly at Geo Energy’s consent solicitation and warn noteholders that by rejecting this offer, they run the risk of facing “more onerous terms” in a few months’ time.
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.
SINGAPORE (Oct 27): Perisai Capital, a subsidiary of beleaguered Malaysia-listed oil & gas outfit Perisai Petroleum Teknologi Bhd, announced that it has been served with a winding-up petition as the guarantor of the $700 million notes by Ravi Murarkar, ho
SINGAPORE (Oct 4): Singapore's junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.