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NRA Capital Pte Ltd

Written by: Lynn Look

Thursday 4 Aug 2016

Oil and Gas victim - Swiber, what next?

Are the banks safe from contagion effect?

DBS announced that it had S$700m exposure of loans, bonds and off-balance sheet items to Swiber after the latter shocked the market last Thursday with its liquidation plan which was subsequently changed to restructuring under judicial management.

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