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Pain could be coming to Singapore's corporate bond market: S&P
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Mindy Tan
Published Fri, Oct 16, 2015 · 09:50 PM
Singapore
THE announcement by Indonesian-based mobile phone distributor and retailer PT Trikomsel Oke Tbk on Thursday that it may restructure its outstanding bonds suggests that more pain could be coming to Singapore's dollar bond market over the next 12 to 18 months, said Standard and Poor's on Friday.
"A default in Singapore's local currency corporate bond market is so rare that investors will keenly watch the outcome of Trikomsel's potential debt restructuring," said Standard & Poor's (S&P) credit analyst Xavier Jean.
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