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…
Ukraine creditors group: provides assurances to support IMF steps to help Ukraine
BRUSSELS (Reuters) – The Group of Creditors of Ukraine (GCU) body said on Friday that it had provided financing assurances to support the International Monetary Fund’s (IMF) approval for an upper credit…
Americanas proposes $1.9 billion for creditors from top shareholders
SAO PAULO (Reuters) – Bankrupt Brazilian retailer Americanas SA said on Tuesday it has offered a capital injection to its creditors of 10 billion reais ($1.93 billion) which would come from top…
Brazil’s BTG gets court decision reversing part of Americanas’ protection from creditors
SAO PAULO (Reuters) – Brazilian bank BTG Pactual obtained a court decision on Wednesday overturning part of Americanas SA’s protection from creditors, according to court documents seen by Reuters, in a move…
IMF to assess Zambia in spring, urges debt deal with creditors
LONDON (Reuters) – The International Monetary Fund has urged default-stricken Zambia to strike a debt restructuring deal with its international creditors as soon as possible and will make a formal assessment of…
Venezuela opposition seeks to protect billions in humanitarian funds from creditors -sources
By Vivian Sequera and Mayela Armas CARACAS (Reuters) – Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from foreign creditors by keeping the details of…
Evergrande creditors ask chairman for $2 billion fund infusion -Bloomberg
(Reuters) – Debt-laden developer China Evergrande Group has told offshore creditors that it plans to present a restructuring proposal as soon as the first week of December, Bloomberg News reported on Thursday.…
Malawi begins debt restructuring talks with commercial creditors: IMF
JOHANNESBURG (Reuters) -Malawian authorities have started debt restructuring negotiations with commercial creditors and a ‘credible process’ is underway, the International Monetary Fund said on Tuesday. Malawi’s move to an upper credit tranche…
Chad agrees debt plan with creditors, including Glencore
By Mahamat Ramadane N’DJAMENA (Reuters) -Chad has reached an agreement with its creditors, including Swiss commodities trader Glencore, paving the way for more funding from the International Monetary Fund, but stopping short…
Ghana creditors close to formalizing a group for debt talks -sources
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – Some holders of Ghana’s international bonds are close to formalizing a creditor group, two sources with direct knowledge of the matter told…
Exclusive-Glencore, Chad creditors agree in principle on terms of debt treatment – source
By Andrea Shalal WASHINGTON (Reuters) -Switzerland-based Glencore, China and Chad’s other creditors have reached an agreement in principle on restructuring the African country’s nearly $3 billion in external debt, a source close…
Revlon creditors challenge 2020 loan transactions
By Dietrich Knauth (Reuters) – Some of Revlon’s creditors have asked a U.S. bankruptcy judge in Manhattan to unwind the bankrupt cosmetic giant’s 2020 loan restructuring, saying that a group of senior…
Zambia in touch with China, other creditors, finance minister says
JOHANNESBURG (Reuters) – Zambia remains in touch with China and all its other creditors as it continues to negotiate a debt restructuring, finance minister Situmbeko Musokotwane said at an International Monetary Fund…
Sri Lanka to unveil debt restructuring plan to creditors
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring billions of dollars of its debt and share…
IMF’s Georgieva says China, other big creditors must work to prevent debt ‘explosion’
WASHINGTON (Reuters) – China and other big creditors have a responsibility to prevent the debt problems facing emerging market and low-income countries from exploding, International Monetary Fund Managing Director Kristalina Georgieva said…
Ethiopia’s public creditors recommit to debt relief
PARIS (Reuters) -A group of creditor nations on Wednesday recommitted to granting cash-strapped Ethiopia debt relief in the face of glacial progress. Ethiopia requested debt relief from its creditor governments in early…
U.S. Treasury’s Yellen welcomes Ukraine debt freeze, calls on creditors to join
WASHINGTON – U.S. Treasury Secretary Janet Yellen on Wednesday said she welcomed a decision to suspend Ukraine’s debt service obligations by a group of six creditor countries, including the United States, and…
Chad creditors expected to agree phased ‘contingent’ debt relief plan
By Andrea Shalal TOKYO – Chad’s official creditors are expected to agree on Wednesday a debt restructuring strategy that includes contingencies based on oil prices and participation of private creditor Glencore, a…
Zambia’s creditors seen offering financial assurances by end-July -source
By Andrea Shalal WASHINGTON – Zambia’s official creditors are expected to offer it financial assurances by the end of July, paving the way for the first debt restructuring under a G20 framework…
Fashion group Shandong Ruyi’s creditors take full control of Lycra
(Reuters) – U.S. fiber maker Lycra has gained new ownership, with creditors of its former parent company Shandong Ruyi Technology Group (Ruyi) taking full equity control after the Chinese fashion conglomerate defaulted…
LATAM Airlines says almost all creditors support reorganization plan
SANTIAGO – LATAM Airlines Group SA, the largest air transport group in Latin America, said on Wednesday that it garnered support from almost all of its creditors for a reorganization plan that…
Chile’s LATAM Air receives backing by unsecured creditors in Chapter 11 exit plan
MEXICO CITY – Chile’s LATAM Airlines received backing by a majority of its unsecured creditors in its Chapter 11 bankruptcy exit plan, the airline said Friday. LATAM, which filed for bankruptcy in…
Analysis-Complex web of creditors, politics threatens Sri Lanka restructuring
By Jorgelina do Rosario LONDON – Social unrest, political uncertainty and a complex web of creditors could scupper Sri Lanka’s push for a swift overhaul of its $12 billion overseas debt, analysts…
Brazilian miner Samarco creditors reject debt restructuring proposal
SAO PAULO – Creditors of Brazilian miner Samarco Mineracao SA, a joint venture of Vale SA and BHP Billiton Ltd, on Monday rejected the debt restructuring plan presented by the company in…
Russia, facing default risks, says will do all possible to pay creditors
(Reuters) – Russia will do everything to make sure its creditors receive their money, Finance Minister Anton Siluanov said on Thursday, a day after the country edged closer to a potential default…
Some creditors have received Russian bond coupon payments-sources
LONDON – Sovereign bond coupon payments that Russia was due to make on March 16 have been received by bondholders, in dollars, two market sources told Reuters on Thursday. Earlier another source…
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