Real estate-related liquidity issues will drive up corporate bond defaults in 2023, new regulations to provide some relief for VND113 trillion of bonds at risk
We expect liquidity challenges faced by bond issuers will remain elevated as bond maturities peak over the course of 2023. Real estate-related issuers with weak cash resources are most at risk. Decree No. 8 will offer some relief by allowing alternative repayment methods. Proactive and productive negotiation between issuers and investors will be key to avoid defaults
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