We add KrisEnergy to the list of troubled bonds.
Based on latest news reports, the company's efforts to restructure its bonds are facing problems.
Some noteholders are demanding hgher coupon rates and a shorter extension period,
They have also asked KrisEnery to adopt a more restrained and disciplined capital expenditure programme.
A group of noteholders have issued an open letter to the firm's noteholders and stakeholders saying that it intends to vote no to what it deems an "inequitable offer" while acknowledging the efforts of KrisEnergy and its main shareholder Keppel Corporation to help the firm manoeuvre through a difficult market environment, with the help of DBS Bank.
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