Duniatex unit’s dollar default hurts lenders, crashes bonds
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Asia

Duniatex unit’s dollar default hurts lenders, crashes bonds

Mexico, sombrero, hat, textiles, Kaltex, fabric, LatAm

A subsidiary of Indonesian textile company Duniatex missed an interest payment on a $260m syndicated loan last week, causing the bond price of its sister company to collapse and bankers to wonder about the wider health of the sector. Pan Yue reports.

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