09 March 2015 - Debt-laden oil producer Afren Plc has defaulted on its 2016 bonds after declining to make a $15 million interest payment in order to preserve cash pending completion of a review of its capital structure. The company said any restructuring or additional funding deal with bondholders could result in the issue of […] More »
True Dominion Enterprises Ltd
Monday, 9 March 2015
Debt laden oil producer Afren defaults on 2016 bonds
09 March 2015 - Debt-laden oil producer Afren Plc has defaulted on its 2016 bonds after declining to make a $15 million interest payment in order to preserve cash pending completion of a review of its capital structure. The company said any restructuring or additional funding deal with bondholders could result in the issue of […] More »
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