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Evergrande faces imminent liquidation after talks with top creditors break down – WSJ
(Reuters) – Chinese property developer Evergrande faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling real-estate company, the Wall Street Journal reported…
Japan urges early signing of debt MoU between Sri Lanka and creditors
NEW DELHI (Reuters) – Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was…
China Evergrande creditors seek controlling stakes in new proposal
(Reuters) -A group of offshore creditors to China Evergrande Group is asking for a controlling equity stake of the developer and two of its Hong Kong subsidiaries as part of company’s revised…
Zambia dealt major setback as official creditors object to bond deal
By Rachel Savage and Karin Strohecker JOHANNESBURG/LONDON (Reuters) -Zambia suffered a major setback in its debt restructuring efforts after the government on Monday said a revised deal to rework $3 billion of…
Exclusive: Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources
By Xie Yu and Julie Zhu HONG KONG (Reuters) – China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts into about a 30% equity…
Evergrande held talks with creditors this week -Bloomberg News
(Reuters) – China Evergrande Group held talks this week with creditors who had opposed its restructuring plan, Bloomberg News reported on Thursday citing people familiar with the matter. Representatives of Evergrande told…
IMF: Sri Lanka can discuss proposals from private creditors including GDP-linked bonds
MARRAKECH, Morocco (Reuters) – Sri Lanka’s authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund official said on Friday. Krishna Srinivasan, Director of…
Factbox-Sri Lanka still in debt restructuring talks with creditors
(Reuters) – Sri Lanka, mired in its worst economic crisis in decades, is in debt restructuring talks with a range of bilateral creditors, including China, its largest single creditor. The island nation…
China developer Kaisa tells court creditors will get less than 5% back if liquidated
HONG KONG (Reuters) – Struggling Chinese property developer Kaisa Group said creditors would get less than 5% of their money back if it is forced into liquidation, a lawyer for one creditor…
Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets
By Scott Murdoch SYDNEY (Reuters) – China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sources, further shrinking the developer’s offshore assets as its cash…
Some Sri Lanka creditors seeking debt restructuring deal without China – Bloomberg News citing sources
(Reuters) – Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on…
Factbox-Which creditors will have priority for Citgo share auction?
By Marianna Parraga HOUSTON (Reuters) – A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum…
Some Country Garden creditors object to debt payment deal – sources
SHANGHAI/HONG KONG (Reuters) – Chinese developer Country Garden faces a call from some smaller onshore bondholders for the nullification of a deal to extend repayment of a bond, arguing it was unfair…
Western creditors and Cuba pledge to salvage debt deal
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Representatives of 14 western creditor nations, grouped in the Paris Club, were in Cuba this week to salvage a debt agreement with the…
Some onshore creditors of Country Garden private bond receive interest payments – sources
HONG KONG (Reuters) – Some onshore creditors of embattled Chinese property developer Country Garden’s private bond have received interest payments, sources told Reuters on Friday. The development comes after Country Garden on…
Some offshore creditors of Country Garden consider forming group for debt revamp talks
By Xie Yu HONG KONG (Reuters) – Some offshore creditors of embattled Chinese developer Country Garden are in talks with a New York-based law firm and are considering options including legal ones,…
China Evergrande to delay creditors’ meetings amid fresh restructuring plan
(Reuters) – Embattled property developer China Evergrande Group on Wednesday resolved to delay its meetings for the Hong Kong CEG class A and class C holders of debt to provide them more…
Party City, Creditors in talks to spin off balloon business – Bloomberg News
(Adds attribution in headline) (Reuters) – Party City Holdco is considering splitting up its balloon manufacturing and retailing businesses as the latter charts a course out of bankruptcy, Bloomberg News reported on…
Zambia confirms it has agreed debt restructuring with official creditors
LONDON (Reuters) -Zambia on Thursday confirmed it had agreed a debt restructuring deal with its official creditors, adding it would now seek a quick agreement with its private creditors as well. The…
Orpea creditors Kyma Capital, LMR apply to US court to obtain documentation
LONDON (Reuters) – Two creditors of France’s Orpea have filed an application in a U.S. court against another creditor and the creditor’s financial adviser to obtain and use documentation related to the…
IMF sees Zambia agreement with official creditors ‘within a few days’
NEW YORK (Reuters) – The International Monetary Fund is encouraged by the progress in discussions between Zambia and its official creditors, and an agreement could be reached “within a few days,” the…
France hosts $7 billion debt talks as Casino seeks deal with creditors
By Mathieu Rosemain PARIS (Reuters) – Casino and the holders of its 6.4 billion euros ($7 billion) of debt met at France’s finance ministry on Thursday morning as the beleaguered retailer seeks…
IMF: Ghana intends to agree debt rework MoU with official creditors before November
JOHANNESBURG (Reuters) – Ghanaian authorities aim to agree a memorandum of understanding with official creditors before the first IMF programme review, which they expect to bring to the Fund’s board in November…
Ghana’s official creditors pave way for IMF sign-off on $3 billion loan
By Christian Akorlie, Jorgelina do Rosario and Rachel Savage ACCRA (Reuters) -Ghana’s official sector creditors have formed a committee co-chaired by China and France for debt restructurings talks, the Paris Club said…
Zambia has sent debt restructuring proposal to official creditors
LONDON (Reuters) – Zambia has sent a debt restructuring proposal to its official creditors, a spokesperson for the government’s advisors said on Monday. The country, which was the major sovereign casualty of…
U.S. extends Citgo’s protection from creditors for three months
WASHINGTON (Reuters) – The U.S. on Wednesday extended for three months a license that protects Venezuela-owned oil refiner Citgo Petroleum from creditors trying to seize its assets to recoup pending debts. U.S.…
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