Posted inLaos

Little Laos piling up big debts to China

BANGKOK – This week Laos redeemed a US$150 million bond listed on the Singapore Exchange, chipping away only slightly at its ballooning external debt owed over the next five years. The $150 million bond, sold on the international market with a 6.875% interest rate, was the first of three sovereign bonds falling due this year. […]