Marco Polo Marine Plans to Delay Payment on Bonds in SingaporeBy
Shipping services company joins others in seeking forbearance
Company has S$50 million of 5.75% bonds due on Oct. 18
A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay paying S$50 million ($37 million) of securities due next month after appointing an external adviser to review its business.
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