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Indonesian Developer Modernland Seeks Bond Restructuring Again

Sovereign Debt & RatingsBanking & LiquidityCompany FundamentalsM&A & RestructuringCredit & Bond Markets

PT Modernland Realty is seeking to restructure its US dollar bond for a second time, underscoring worsening liquidity for the residential and industrial township developer. A second restructuring attempt signals heightened credit risk and potential stress in the company’s bond refinancing outlook.

Analysis

PT Modernland Realty is seeking to restructure its US dollar bond for a second time, underscoring worsening liquidity for the residential and industrial township developer. A second restructuring attempt signals heightened credit risk and potential stress in the company’s bond refinancing outlook.

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moderately negative

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