INVESTORS in junk bond earned twice as much in Singapore as they did in Indonesia this year as private banks sought haven in more developed markets.
US dollar notes from the island have gained 7.9 per cent so far this year, the best among regional peers, according to a Bank of America Merrill Lynch index. In Indonesia, South-east Asia's largest high-yield market, they gained just 3.2 per cent as PT Berau Coal Energy this month took the nation's default tally to more than US$3 billion over the past...
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