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PIL defaults on notes payment

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 …

WP_Post Object ( [ID] => 234861 [post_author] => 76 [post_date] => 2020-11-17 06:50:11 [post_date_gmt] => 2020-11-17 06:50:11 [post_content] =>

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... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => pil-defaults-on-notes-payment [to_ping] => [pinged] => [post_modified] => 2020-11-17 07:30:11 [post_modified_gmt] => 2020-11-17 07:30:11 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=131416 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )