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Indonesian Developer Modernland Seeks Bond Restructuring Again

Bloomberg Markets Monday 17 August 2026, 03:17 UTC By Dipika Lalwani 1 min read
Key Points

Corporate Finance Indonesian Developer Modernland Seeks Bond Restructuring Again Distressed Indonesian property firm PT Modernland Realty is seeking to restructure a dollar bond for a second time, highlighting liquidity challenges facing the builder of residential and industrial townships. The company is proposing to push out the maturity of its $274.5 million dollar bond due next year and ultimately exchange it for perpetual securities backed by assets transferred to a creditor-controlled...

Corporate Finance Indonesian Developer Modernland Seeks Bond Restructuring Again Distressed Indonesian property firm PT Modernland Realty is seeking to restructure a dollar bond for a second time, highlighting liquidity challenges facing the builder of residential and industrial townships. The company is proposing to push out the maturity of its $274.5 million dollar bond due next year and ultimately exchange it for perpetual securities backed by assets transferred to a creditor-controlled vehicle, according to a filing on Aug. 14.
Indonesian (ORG) PT (ORG) Modernland Realty (ORG)
Originally published by Bloomberg Markets Read original →

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