ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Thailand hit by rising bond defaults as interest rates climb

Miss Universe organizer and a developer are among the latest to miss payments

JKN Global Group, owner of the Miss Universe Organization, failed to repay a corporate bond worth $12 million that was due on Sept. 1.   © Reuters

BANGKOK -- Corporate bond defaults are on the rise in Thailand now that the central bank's rate increases have raised financing costs and made it difficult for some issuers to secure the funds they need to make repayments.

Issuers are also being squeezed by investors' increasing caution against buying bonds or other instruments not backed by collateral.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more