Indonesia carrier Garuda's shares halted over bond default


JAKARTA, June 19 (AFP): Indonesia's stock exchange halted trading in flagship carrier Garuda's shares Friday after it missed a key bond payment, fanning fears that the virus-hit airline was headed for bankruptcy.

The Jakarta-based bourse cited Garuda's default on a US$500 million Islamic bond, known as sukuk, for suspending share trading "until further notice".

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Indonesia , Garuda , Shares , Halted , Bond Issue

   

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