Modernland asks for debt moratorium extension

Money_House_AdobeStock_575x375_18Feb20
By Morgan Davis
22 Feb 2021

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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