perpetual bonds

To keep debt markets stable and defaults under control, the Chinese government is injecting money to help support small and medium-sized banks

As creditors like BNP Paribas press the Singapore-listed firm for payment, Hyflux is racing against a debt restructuring deadline to find a new white knight.

Hyflux faces fresh potential claims over its plant in Algeria, while the Singapore state utility board and Maybank are taking over its Singapore plant.

Investors and creditors risk losing much of their money in Hyflux following the cancellation of a controversial plan to rescue the troubled Singapore-listed company.

The distressed utility group, already facing potential legal action in Algeria and from retail investors at home, is now squabbling with two would-be Indonesia white nights.

Chinese banks are expected to issue almost $21 billion in perpetual bonds this year. This will have a marked knock-on effect in the international capital markets.

Hundreds of retail investors have opposed a plan by Hyflux to restructure its debt, and some retail investors are contemplating legal action against the Singapore-listed company's board.

After a difficult few years, Mongolian Mining is on the up again. It plans to issue US dollar bonds as part of the company's rebound from default in 2016.

Bank of China’s landmark onshore perpetual bond deal opens up a new fundraising avenue for the capital-strapped banking sector.