Scomi Energy unit defaults on RM55m bonds


SESB said to date, KMCOB had partially built up about RM22mil in the sinking fund and was short of about RM33mil to repay the Series E of KMCOB bond.

KUALA LUMPUR: Scomi Energy Services Bhd's (SESB) unit KMCOB Capital Bhd has defaulted in redeeming or repaying the Series E of the guaranteed serial bonds (KMCOB bond”) issued amounting to RM55mil.

It said on Friday the payment date being the maturity date for the redemption of Series E was on Saturday, which is a non-working day.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

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!
   

Next In Business News

Kelington posts RM33mil profit in 3Q24
Guocoland braces for challenges
Pioneering car chip design
Hartanah Kenyalang seeks ACE Market IPO
Carimin wins five-year oil and gas job
EPF dividend likely to top 6%
Heineken to sustain growth momentum
Solarvest unit secures TNB contract
Amir Hamzah: SST enhancements expected to help generate RM51.7bil revenue in 2025
Atlan to contest award compensation for compulsory land acquisition

Others Also Read