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.
Bonds
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
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