Weak property market puts bond payments in peril

Check out these four bond deadlines of four Singapore firms.

Bloomberg Technology reported that Singapore’s bond market has seen unprecedented defaults, and a slump in oil prices along with a weak property market are threatening to increase non-payments this year.

Listing four firms that have Singapore dollar-denominated bonds maturing by the end of next year, Bloomberg’s default-risk monitor suggests that these firms have the highest odds of failing to repay obligations in the next 12 months among the nation’s companies that aren’t restructuring their debt.

To be sure, all four companies are meeting their obligations and their default odds are all below 10 percent, according to the Bloomberg-compiled gauge, which is based on metrics such as share performance, liabilities and cash flow. They have default odds of 1.49 percent to 7.27 percent, the model shows. Under Bloomberg’s default risk scale, a score from 0.52 percent to 10 percent indicates a company’s debt would be high-yield, with distressed debt having a reading above 10 percent.

See the list here.