Others – Default in Payment


Paragraph 9.19A(1) of the Main LR among others, requires a listed issuer to immediately announce any default in payment of either interest or principal sums, or both, in respect of debt securities (whether listed or unlisted on Bursa Securities) by the listed issuer. In this regard, what would constitute a default in payment in respect of debt securities?

Default in payments in respect of debt securities includes -

​(a)default in payments of the interest or principal sum or both in respect of loan stocks or bonds;
(b)default in payments under a debenture.