Indonesia’s Trikomsel warns it will likely default on Singapore-issued bonds

Visual from the company website

Indonesian mobile phone retailer PT Trikomsel Oke Tbk (TRIO), partly owned by Singapore-listed Polaris and Japan’s SoftBank Group, has notified its bondholders that it will not be able to pay interest on two Singapore dollar bonds that are due in November and December, due to the company’s financial difficulties as a result of falling rupiah against the US dollar.

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