Latina Offshore to pay default interest on 8 7/8% callable bonds

By Jennifer Chiou

New York, Jan. 3 - Latina Offshore Ltd. will pay default interest following a delay in the first interest payment for its 8 7/8% senior secured callable bonds due 2018, according to a notice from trustee Norsk Tillitsmann.

The scheduled Jan. 3 payment was delayed due to technical issues and will be paid on Monday. Default interest will be paid on the same date or soon after.

The issuer is the new offshore division of Mexico-based Constructora y Perforadora Latina.

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