A growing number of Asian firms are delaying bond repayments or seeking debt swaps amid mounting stress, boosting uncertainty for debtholders.
Flagship carrier PT Garuda Indonesia and Dr. Peng Telecom & Media Group Co. have extended the maturity on their dollar bonds in recent months, while Chinese business-park developer Yida China Holdings Ltd. conducted a debt exchange earlier this year. Indonesian builder PT Modernland Realty’s bondholders last week agreed to lengthen the maturity of its rupiah notes.
