Swissco Holdings is facing mounting pressure from bondholders looking to enforce repayment of notes worth SGD 100m ($71.9m).
During an informal meeting held yesterday, 55 individuals representing 25% of the notes submitted a notice of acceleration to Swissco.
With this document, the individuals have requested that the trustee give notice to Swissco that the notes are immediately repayable.
The individuals also stated that they wish to directly take legal steps and actions to enforce repayment of the notes.
But
