Noteholders informed the company and subsidiary Perisai Capital that the full redemption amount plus interest on the debt is due immediately.
Perisai Petroleum, which last week revealed it is insolvent after Perisai Capital defaulted on payments due on the notes, said it will seek legal advice on the payment demand.
That default was on a S$125 million (US$90.3 million) payment on principal and interest notes.
