More than a lifeline for Sapura Energy

By PANKAJ C. KUMAR

Sapura Energy Bhd (SEB) is in the limelight yet again – this time due to the government’s investment in SEB in the form of redeemable convertible loan stock (RCLS) worth some RM1.1bil.

The investment will be made by Malaysia Development Holdings Sdn Bhd, a special-purpose vehicle (SPV) under the Finance Ministry.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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SapuraEnergy , DebtRestructuring , OilAndGas , GovernmentInvestment , PNB , CorporateTurnaround , MalaysiaOilandGas , StrategicFunding

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