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Singapore Bond Holders Brace for Defaults

Singapore Bond Holders Brace for Defaults

Singapore dollar bondholders face more companies struggling to meet their debt terms after 2 oil and gas companies seek to extend their maturities on debt. Singapore’s bad loan measure rose to 2.25% in 2015, highest since 2009 as an economic slowdown is starting to strain the firms.  Wealthy investors from the city who piled into higher-yielding debt, already suffering from PT Trikomsel Oke’s default, have limited options when borrowers seek to loosen covenants.

“Oil related firms face S$1.4 billion of Singapore dollar bonds maturing through 2018, with S$325 million due by year end.”

~ Bloomberg

Oil related firms face S$1.4 billion of Singapore dollar bonds maturing through 2018, with S$325 million due by year end, according to Bloomberg-complied data.

Related Reports: Bloomberg, Business Times

 

About PT Trikomsel Oke’s

As a company that supplies telecommunication products and services in Indonesia, PT Trikomsel Oke Tbk. “the Company” was founded in Jakarta on 7 October 1996 under the name of PT Trikomsel Citrawahana. In 2000, the Company changed its name to PT Trikomsel Multimedia, and in 2007 to PT Trikomsel Oke. In addition to providing various mobile communication products and services, the Company also acts as a distributor for wellknown operator products in Indonesia. Business activities of the Company is done through distribution and retail channels with the basis of fostering the value of life through continuous improvement.

Visit: PT Trikomsel Oke’s


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