Recent Posts

Greece shouldn’t be greedy in its second rehab attempt

Greece has decided to brave the waters with a new five-year benchmark bond, the first fresh deal for nearly three years. Fortune favors the brave — but not the greedy. For now, a successful return to the fixed income markets matters more than securing the very best terms or the most money. Greek bonds have been the stand-out performer in ...

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1997 legacy makes Indonesia’s balancing act harder

Never again. That’s the mantra of Indonesia’s class of 1998 — the officials who were young adults when the country plunged into the Asian financial crisis that began two decades ago this month. The question now is whether their understandable caution could hold back Southeast Asia’s biggest — and at times, most frustrating — economy. Most retrospectives of the crisis ...

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Rich Singapore investors stuck as bond restructuring drags on

Bloomberg Keith Kueh was expecting Pacific Andes Resources Development Ltd. to pay back the company’s bonds last year so he could finance his son’s college bill and his own retirement. Now it’s 18 months after the Singapore-listed fishing company didn’t honor some obligations and he hasn’t gotten his money yet. “For investors like myself, we are not portfolio managers who ...

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