Serba Dinamik clarifies it has 30 days to pay coupon payment for US$300m sukuk

KUALA LUMPUR: Serba Dinamik Holdings Bhd has clarified that it has a 30-day period from the non-payment due date to cure and pay the overdue coupon obligations before triggering any dissolution event.

Responding to an article titled "Serba Dinamik misses coupon payment for US$300m sukuk” published by a local financial daily on Thursday, the oil and gas company denied the amount of payment due as stated in the article, maintaining that the coupon payment due was approximately US$7.0 million and not US$9.45 million (US$1=RM4.17).