Bondholders say no to Perisai


Slowdown: Perisai Pacific 101 at a Singapore shipyard. The company has deferred delivery of its second jack-up rig Perisai Pacific 102.

Perisai had sought for extension to its bond maturity date

PETALING JAYA: Perisai Petroleum Teknologi Bhd has become the second casualty in the oil and gas debt markets as it faces the redemption of its S$125mil (RM377mil) bond which matured yesterday after noteholders voted to reject its restructuring plan.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , perisai , oil , gas

   

Next In Business News

Gold prices climb nearly 1% as dollar rally eases
Oil nudges higher after Russia-Ukraine tensions escalate
Crypto exchange OKX launches Singapore dollar funds transfer service for local customers
Shares rise ahead of Nvidia results; BOJ keeps rates markets guessing
Shanghai will reduce real estate transaction taxes to boost demand, state media says
China pivotal to MNCs' global biz strategy
CMM, BCG publish report on venture capital funding in Malaysia
MMAG granted waiver from GN3 status
I-Berhad posts earnings jump to RM12.94mil in 3Q
EA Technique unit bags three contract extensions with PETRONAS for RM63.9mil

Others Also Read