Please use this identifier to cite or link to this item:
|Title:||Economic consequences of debt covenant violation: The case of inno-pacific holdings limited|
|Authors:||Wilkins, T. |
|Citation:||Wilkins, T.,Zimmer, I. (1996). Economic consequences of debt covenant violation: The case of inno-pacific holdings limited. British Accounting Review 28 (2) : 121-137. ScholarBank@NUS Repository. https://doi.org/10.1006/bare.1996.0010|
|Abstract:||This paper describes a case involving default on public (loan stock) debt by the listed Singaporean company, Inno-Pacific Holdings Limited. The case demonstrates through the chronology of events how technical default on public debt can be costly. The paper also documents the reactions of the trustee and bank creditors, illustrates how an independent third-party adviser to the loan stockholders can minimize the costs of default, and describes a practical solution to a claim dilution issue involved in a divestment and repayment plan which aligns the interests of the various claimholders. © 1996 Academic Press Limited.|
|Source Title:||British Accounting Review|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Jan 19, 2019
checked on Dec 29, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.