By Vivian Sequera and Mayela Armas CARACAS (Reuters) – Venezuelan opposition presidential candidate Maria Corina Machado on Friday said she hoped the U.S. Treasury Department would extend its protection of …
creditors
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In the News
Evergrande faces imminent liquidation after talks with top creditors break down – WSJ
by Reutersby Reuters(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 …
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In the News
IMF says Sri Lanka still needs deals with official and external private creditors
by Reutersby ReutersBy Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – The International Monetary Fund said it remains critical for Sri Lanka to swiftly reach final agreements with its official lenders and …
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By Dietrich Knauth NEW YORK (Reuters) -The bankrupt parent company of Silicon Valley Bank plans to turn over its remaining venture capital business to a new, creditor-backed company while it …
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In the News
Japan urges early signing of debt MoU between Sri Lanka and creditors
by Reutersby ReutersNEW 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 …
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In the News
China Evergrande creditors seek controlling stakes in new proposal
by Reutersby Reuters(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 …
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In the News
Zambia dealt major setback as official creditors object to bond deal
by Reutersby ReutersBy 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 …
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In the News
Exclusive: Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources
by Reutersby ReutersBy 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 …
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(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 …
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Business News
IMF: Sri Lanka can discuss proposals from private creditors including GDP-linked bonds
by Reutersby ReutersMARRAKECH, 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, …
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Business News
Factbox-Sri Lanka still in debt restructuring talks with creditors
by Reutersby Reuters(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 …
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Business News
China developer Kaisa tells court creditors will get less than 5% back if liquidated
by Reutersby ReutersHONG 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 …
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Business News
Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets
by Reutersby ReutersBy 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 …
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Business News
Some Sri Lanka creditors seeking debt restructuring deal without China – Bloomberg News citing sources
by Reutersby Reuters(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 …
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Business News
Factbox-Which creditors will have priority for Citgo share auction?
by Reutersby ReutersBy 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 …
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Business News
Some Country Garden creditors object to debt payment deal – sources
by Reutersby ReutersSHANGHAI/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 …
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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 …
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Business News
Some onshore creditors of Country Garden private bond receive interest payments – sources
by Reutersby ReutersHONG 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 …
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Business News
Some offshore creditors of Country Garden consider forming group for debt revamp talks
by Reutersby ReutersBy 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 …
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Business News
China Evergrande to delay creditors’ meetings amid fresh restructuring plan
by Reutersby Reuters(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 …
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Business News
Party City, Creditors in talks to spin off balloon business – Bloomberg News
by Reutersby Reuters(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 …
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Business News
Zambia confirms it has agreed debt restructuring with official creditors
by Reutersby ReutersLONDON (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 …
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Business News
Orpea creditors Kyma Capital, LMR apply to US court to obtain documentation
by Reutersby ReutersLONDON (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 …
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Business News
IMF sees Zambia agreement with official creditors ‘within a few days’
by Reutersby ReutersNEW 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 …
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Business News
France hosts $7 billion debt talks as Casino seeks deal with creditors
by Reutersby ReutersBy 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 …