Singapore’s fixed-income market next year is tipped to be active, with more retail-friendly issuances. What’s more, perpetuals will continue to be popular even as financial conditions are likely to remain volatile. Retail bond demand is expected to stay…
Axiata Group Bhd’s Indonesian unit, PT XL Axiata Tbk, plans to establish a five trillion rupiah (RM1.4bil) sukuk programme to optimise its balance sheet and improve its capital efficiency. In a filing with Bursa Malaysia, Axiata said the sukuk programme would…
Indonesian mobile phone retailer PT Trikomsel Oke Tbk warned on Monday that it will likely default on its S$215 million (US$155 million) bonds, in what would be the first in the Singapore bond market since the global financial crisis. The announcement by…