Miss Universe Owner Among Thai Companies Defaulting on Bonds Amid Rising Rates
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JKN Global Group, owner of Miss Universe Organization, failed to repay a $12 million bond due Sept. 1.
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Corporate bond defaults rising in Thailand as central bank rate hikes raise financing costs.
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Issuers struggling as investors grow cautious of uncollateralized bonds.
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Developers and other corporations among those missing payments recently.
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Higher interest rates make it difficult for some issuers to secure repayment funds.