Asian bond defaults set to beat 2014 total

April 13, 2015 2:33 AM

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SINGAPORE, April 13 (IFR) - Asia is poised to see more defaults on offshore bonds in the current half than in the whole of last year, as a pair of Chinese issuers edged close to the brink.

Winsway Enterprises Holdings and Sound Global could both default within weeks, after the former missed a coupon and the latter indicated it might fail to file audited accounts within 30 days of the end of the first quarter. The pair will join Kaisa Group Holdings and Berau Coal Energy, which are bot...

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