In 2001, Asia Pulp & Paper (APP), the subsidiary of Sinar Mas, called a standstill on $14 billion worth of bonds and loans and stopped repaying its debt, including interest payments, in what is still the largest default to foreign investors in Asian market history.
(meta data) TITLE:  A Notorious Name Returns to the Bond Markets - MoneyBeat - WSJ (meta data) AUTHOR: Manju Dalal (meta data) PUBLISHER: https://www.facebook.com/wsj DOW JONES, A NEWS CORP COMPANY News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. DOW JONES Barron's Dow Jones Newswires Financial News Mansion Global Private Markets Risk & Compliance WSJ Conference WSJ Pro NEWS CORP Big Decisions Business Spectator Harper Collins New York Post News America Marketing The Australian The Sun The Times -2.37% S&P 500 -2.59% -3.00% U.S. 10 Yr 0/32 yield 1.538% Crude Oil -0.37% 0.86% Subscribe Now Sign In The Wall Street Journal ##### Sections ##### My Journal Life & Arts Real Estate WSJ. 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Magazine Art & Design Sign In Stocks, Bond Yields Fall on Trade Tensions Powell Issues Warning Over Trade, Signals More Rate Cuts Are Possible UBS Clients Lost Millions on Options Sold as Low Risk Oil Slides as Latest China Tariffs Reignite Demand Fears Your Next Home Might Be Appraised by a Robot Clients Want to Work With Female Advisers, and Firms Are Taking Notice Brexit Bargain Shoppers: Investors Snap Up Peppa Pig, Beer and Jet Technology Fed's Warning: We Can't Solve Everything Financial Advisers Now Help With College Plans, Family Counseling, Cremains Facebook's Secondhand Shopping Problem Not All Energy Stocks Are Depressed Target, Facebook, Ford: Stocks That Defined the Week Beyond Meat Investors Will Choke on Their Optimism BOE's Carney Floats Idea of New, Virtual Reserve Currency Next Story > # A Notorious Name Returns to the Bond Markets ## A family whose company defaulted on $14 billion worth of bonds and loans in 2001 is associated with a company that raised $150 million this week in junk-rated bonds Manju Dalal Feb 9, 2018 6:08 am ET Amid the market gloom, a ghost emerges from the past. A company related to Indonesia's Widjaja family raised $150 million this week in five-year junk-rated bonds, offering the highest yield this year for any offshore Asian bond. If that family name rings a distant bell, it should. Back in 2001, the Widjaja-owned Asia Pulp & Paper [ To Read the Full Story Sign In WSJ Wealth Adviser Briefing: Stock Correction, TD on Twitter, Adviser Voice China Set to Launch Crude Oil Futures Contract—Energy Journal ## Most Popular Videos #### The Hidden Safety Risks of Your Amazon Order #### Trump's Tweets and Powers the President Can't Revoke #### Five Myths About 5G, Debunked #### Opinion: Sweden Got Rich by Embracing Free Markets Says Johan Norberg #### Michael Phelps on Building His Brand After The Olympics ## Most Popular Articles #### Amazon Has Ceded Control of Its Site. 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Sinar Mas Group
Criticism and controversies.:Defaults.