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One of the articles from ChannelNewsAsia, have caught my attention. It on one of the Singapore corporate bonds by PT Trikomsel Oke(Sing-dollar) that could faces default. If it really happen, it will be the first in Singapore Corporate Bonds overpast 6 years.
Standard & Poor’s Asia Pacific Director of Corporate Ratings Xavier Jean, said : “Between 2010 and today, companies across the region, whether it’s Malaysia, Indonesia, or even Singapore, have taken the opportunity to raise so much debt, because it was so cheap. When things slow down, as a result, they have to service bigger debt amounts.”
Besides that, Credit Suisse AG announced that they will stop being a market maker for government bonds across Europe since last week, due to a higher cost of wholesaling debt resulting from a tighter regulations.
“This could be the beginning of a wider trend,” said Gianluca ......