Bio-Treat bond behaviour beggars belief
- From: Vol 9, Issue 5 (May 2008)
- Category: General
- Region: Asia
- Country: Singapore
- Related Companies: Bio-Treat Technology
Bio-Treat has officially defaulted on its Singapore dollar convertible bond. This has not stopped the company from asking bondholders to forgive and forget.
Singapore-listed water treatment company Bio-Treat has been served a notice of default on its S$-denominated convertible bond, following the expiration of the 90-day grace period.
Merrill Lynch Global Markets & Investment Banking Group, which holds bonds with a face value of SGD27.6 million, informed Bio-Treat on 18 April that its “failure to redeem the full amount of bonds that ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
