A strategic partner of Vallianz Holdings has stepped up to reassure investors that the offshore vessel owner will be able to fully redeem debt maturing later this month.
Rawabi Holding will help the Singaporean company pay off notes worth SGD 60m ($43.3m) due on 22 November, issued under the company’s multicurrency programme in 2014.
After the redemption of the notes, Vallianz said it would not have any outstanding debt.
Ling
