Rickmers Maritime says unable to repay borrowings due 2017 Adds to signs of debt stress among shipping, Singapore firms A Singapore-based shipping trust that operates container ships is asking creditors for leniency on about $253 million of debt, in the latest sign of debt woes in the industry and in the city-state. Rickmers Maritime won’t be able to repay $179.7 million of senior debt due in March 2017 and the interest and principal on S$100 million ($73.3 million) of notes due in May 2017,...

Lombard Odier boosted holdings, while BEA and AGF held tight ‘Recovery in commodities has been a big tailwind,’ AGF says Vedanta Resources Plc rewarded its bravest bond holders with a 132 percent return for sticking with the group after its financial distress in 2015. As commodity prices rebound, some investors say the rally isn’t over. The gains came as Vedanta notes approached par value from as low as 44.56 cents on the dollar in January, a surge that helped push Indian dollar junk bonds...

Singapore: Vedanta Resources Plc rewarded its bravest bond holders with a 132% return for sticking with the group after its financial distress in 2015. As commodity prices rebound, some investors say the rally isn’t over. The gains came as Vedanta notes approached par value from as low as 44.56 cents on the dollar in January, a surge that helped push Indian dollar junk bonds toward their best performance since 2012, according to a Bank of America Merrill Lynch index. Lombard Odier (Singapore)...

China Evergrande, Vedanta notes post gains for day after BOJ Asian high-yield notes on course for best year since 2012 Junk debt from some of Asia’s biggest companies gained after the Japanese central bank shifted the focus of its stimulus and speculation mounted that the global hunt for yield will cushion speculative-grade bonds even if the Federal Reserve were to surprise markets with an interest-rate increase later on Wednesday. Dollar notes sold by borrowers including China Evergrande...

Rickmers says may propose winding up if note restructure fails Marco Polo Marine, KS Energy among companies seeking leniency A Singapore-based shipping trust that operates container ships is seeking to issue new units in the trust to pare obligations, as debt woes in the industry and city-state spread. Rickmers Trust Management Pte., the trustee-manager of Rickmers Maritime, proposes to issue 1.32 billion new units in the value of S$60 million ($44.4 million) to pay down a S$100 million...