Singapore Companies Face $12 Billion Debt in 2017
Singapore companies face a financing issue in 2017 as more than US$12 billion of their bonds are due and banks are getting worried of lending to resources sector. There are now an increase in the number of bond issuers trying to renegotiate terms of credit to stay afloat.
“Singapore companies face a financing issue in 2017 as more than US$12 billion of their bonds are due and banks are getting worried of lending to resources sector.”
A study by Reuters of 228 non financial companies half year earnings indicate that 74 had net debt more than five times core profit, which usually is an area of concern for credit analysts. Non performing loans have risen at all Singapore’s three banks, reflecting a drop in the quality of lan across sectors.
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