Construction giant ITD adds to Thailand's corporate debt woes

Bond market tries to ease contagion concerns, with total $25.4 billion due this year

FRANCESCA REGALADO, Nikkei staff writer

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.

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