MarketsConstruction giant ITD adds to Thailand's corporate debt woes
Bond market tries to ease contagion concerns, with total $25.4 billion due this year
Italian-Thai Development has outstanding bonds of 14.5 billion baht ($414 million), with a tranche worth 2 billion baht due on Feb. 15. © Getty Images
FRANCESCA REGALADO, Nikkei staff writer
January 16, 2024 14:21 JST
BANGKOK -- Bangkok-listed construction giant Italian-Thai Development will on Wednesday ask bondholders to delay debenture payments for two years, becoming the latest Thai company to suffer debt problems amid high interest rates and low market liquidity.