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Watch the bond deadlines of these four Singapore companies

Bloomberg Published on Wed, Jun 07, 2017 / 10:39 AM GMT+8

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SINGAPORE / HONG KONG (June 7): Singapore’s bond market has seen unprecedented defaults, and a slump in oil prices along with a weak property market are threatening to increase nonpayments this year.

The following is a list of four firms that have Singapore dollar-denominated bonds maturing by the end of next year, and that Bloomberg’s default-risk monitor suggests have the highest odds of failing to repay obligations in the next 12 months among the nation’s companies that aren’t restructuring their debt.

To be sure, all four companies are meeting their obligations and their default odds are all below 10%, according to the Bloomberg-compiled gauge, which is based on metrics such as share performance, liabilities and cash flow. They have default odds of 1.49% to 7.27%, the model shows. Under Bloomberg’s default risk scale, a score from 0.52% to 10% indicates a company’s debt would be high-yield, with distressed debt having a reading above 10%.