Modernland asks for debt moratorium extension

Indonesian real estate company Modernland Realty is still finding a way to tackle its debt situation, and has asked for another payment moratorium.
The high
yield company applied for a moratorium and confirmed it would restructure its
debt in the Singapore courts late last year. This followed a default on payment of its $150m 10.75% August 2021
bond in September 2020. Modernland also has a $240m 6.95% 2024
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