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Aban Offshore: Eyes on bondholders’ meet

| Updated on January 22, 2018 Published on December 14, 2015

15blAbanCol.eps

Aban Offshore has called a meeting of its bondholders for December 15 seeking an extension in the repayment of part of the outstanding bonds issued by its wholly-owned stepdown subsidiary Deep Drilling 1. The 12 per cent bonds worth $125 million (of four-year tenure) were issued in December 2011. Bonds worth $37.50 million have been partially redeemed. The outstanding $87.50 million matures on December 21.

Published on December 14, 2015
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