The Business Times
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Bond restructuring in S'pore slower than in major markets

This despite the country being ranked the second-most competitive economy globally

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Published Tue, Jul 25, 2017 · 09:50 PM

    Hong Kong

    KEITH Kueh was expecting Pacific Andes Resources Development Ltd to pay back the company's bonds last year so that he could finance his son's college bill and his own retirement.

    Now it's 18 months after the Singapore-listed fishing company didn't honour some obligations, and he hasn't got his money yet.

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