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The bonds of Indonesian property companies are slumping, adding to signs of property debt distress thats been deepening in China, South Korea and Vietnam.
The bonds of Indonesian property companies are slumping, adding to signs of property debt distress thats been deepening in China, South Korea and Vietnam.Agung Podomoros 2024 dollar bond extended declines this week to 6.7 cents, which would be the worst such fall since July 2021. That brings the notes to a record low of 37 cents on the dollar, Bloomberg-compiled data show.
