Swissco Says Unable to Meet Interest Payment Due on Oct. 16

  • Company cites tight liquidity and frozen credit lines
  • Swissco has taken steps to cut costs and sell some vessels

Swissco Holdings Ltd. is unable to meet an interest payment of S$2.86 million ($2.08 million) due Oct. 16 on its medium-term notes, according to a company presentation filed to the Singapore Exchange.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.