The report warns that over the next five quarters there is $111 billion worth of bonds that need to be refinanced in the emerging market economies and cautioned that some high-profile companies may default as they face shrinking markets and difficulties in rolling over maturing debt.
On the corporate side, there is $80.7 billion worth of bonds that will mature between now and the end of 2009, the ING research report says. Of this, Asian firms account for the single-largest chunk by region...
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