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.
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