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-.
Recent Posts
- Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
- Vedanta Denies Rumors on Stake Sale; Indian Subsidiary Mulls Interim Dividend
- Commerzbank Upgraded to A- on Strong Bail-In Debt Buffer
- Casino Guichard’s Bonds Drop Post Downgrade to Caa1
- Egypt-World Bank Agree On $7bn 5-Year Partnership
Archives
Categories
REGISTER FOR A FREE TRIAL

- Two-way Bond Prices
- Portfolio Analytics
- Bond Market News
- New Bond Issue Alerts
- Bond Screener
- Bond Prices
- Bond Market News
- New Bond Issues