Impact of filing for reorganization on a company's foreign debt (Singapore) to its local debt
Let's say company A is based in Indonesia and has $1B in total debt (assume USD for simplicity) - $900M is listed in Indonesia and $100M is listed in Singapore. The $100M debt is due in a year, and the company has decided to file in Singapore for an in-court restructuring process that essentially provides a moratorium on its Singapore debt (Scheme of Arrangement). How would filing for reorganization on its Singapore debt impact the $900M debt that's listed in Indonesia?
Any insights from restructuring experts would be very much appreciated here.
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