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Insight

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

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