Under pressure Pacific International Lines (PIL) told the Singapore Exchange on Monday it would not pay back S$60m ($44.6m) of notes due yesterday. The SS Teo-led company insisted its planned $600m bailout from Heliconia Capital Management, a unit of Singapore’s sovereign wealth fund was on track. PIL last week applied with a local court for …
Under pressure Pacific International Lines (PIL) told the Singapore Exchange on Monday it would not pay back S$60m ($44.6m) of notes due yesterday. The SS Teo-led company insisted its planned $600m bailout from Heliconia Capital Management, a unit of Singapore’s sovereign wealth fund was on track. PIL last week applied with a local court for …
[post_title] => PIL defaults on notes payment
[post_excerpt] => Under pressure Pacific International Lines (PIL) told the Singapore Exchange on Monday it would not pay back S$60m ($44.6m) of notes due yesterday. The SS Teo-led company insisted its planned $600m bailout from Heliconia Capital Management, a unit of S...
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[post_modified] => 2020-11-17 07:30:11
[post_modified_gmt] => 2020-11-17 07:30:11
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