Bonds 04 (Jul 15 - Dec 16)
Posted: Mon Jul 18, 2016 8:19 am
Singapore Bondholders Brace for Defaults as Easier Terms Sought
by Denise Wee
Ten Singapore-listed firms sought to loosen covenants in 2016
Bondholders can have ‘limited options,’ says Credit Suisse
Source: Bloomberg
http://www.bloomberg.com/news/articles/ ... rms-sought
by Denise Wee
Ten Singapore-listed firms sought to loosen covenants in 2016
Bondholders can have ‘limited options,’ says Credit Suisse
Ausgroup Ltd. and Otto Marine Ltd. are among 10 Singapore-listed firms that have started a process to loosen bond vows this year, up from eight in 2015, according to Bloomberg-compiled data.
Oil-related firms face S$1.4 billion ($1 billion) of Singapore dollar bonds maturing through 2018, with S$325 million due by year end
Singapore’s bad loan measure rose to 2.25 percent in 2015, the highest since 2009
Source: Bloomberg
http://www.bloomberg.com/news/articles/ ... rms-sought