This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Sritex’s Dollar Bonds Nosedive Over 40% Post Downgrade
March 24, 2021
Dollar bonds issued by Sri Rejeki Isman (Sritex) and its subsidiary Golden Legacy Pte Ltd plummeted by more than 40% after Moody’s downgraded the corporate family rating to B3 from B1. Sritex’s 7.25% 2025s and Golden Legacy’s 6.875% 2024s plunged over 30 points to 43.63 and 43.00 respectively on Tuesday, now yielding 35.22% and 41.98%. Sritex’s bonds are rated B3/BB- while the Golden Legacy bonds are rated B1/BB-.
Go back to Latest bond Market News
Related Posts:
Moody’s downgrades Sritex to B3 from B1
March 23, 2021
Sritex Downgraded to Ca From B3; Negative Outlook
April 12, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.