Southeast Asia currency slide inflates US$20 bil debt bil

(Nov 29): Here we go again. Southeast Asia is bracing for rising debt bills as the region’s currencies slide.

The amount that the area’s companies, banks and governments must repay on dollar-denominated bonds will rise 8% next year to US$19.7 billion ($28.1 billion), just as a slide in Asia’s currencies to the weakest this decade threatens to push up servicing costs on that debt.

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