ASL Marine has launched a consent solicitation as it looks to extend the maturity dates of bonds worth SGD 150m ($103.5m) by up to three years.
It wants to restructure an outstanding SGD100m ($70.2m) 4.75% bond due March 2017 and a SGD$50m 5.35% bond due April 2018.
ASL Marine said the restructuring plan offers “improved terms” compared to an initial version proposed by the Singapore-listed company earlier this month.
If
