Page 11 - Debt Restructuring News Today

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Table of Contents WeWork Inc. THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023 TABLE OF CONTENTS ...

In recent times, BYJU'S, a prominent player in the edtech sector, has been grappling with a series of challenges, ranging from employee layoffs to financial restructuring.

(Bloomberg) -- Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors — a key sticking point with countries like India — paving the way for more loans from the International Monetary Fund.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between i...

(Bloomberg) -- A bull run in Sri Lanka’s defaulted bonds may be nearing its end as investors turn skeptical over more gains with a successful debt revamp already priced in.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingIsrael Latest: Yellen Sees Limited Global Economic Impact So FarChina Weighs Ending Freeze on Boeing With 737 Max Deal in USStock Traders Sitting on Their Hand...

A federal judge on Tuesday tentatively approved a portion of the newest plan to restructure $10 billion of debt owed by Puerto Rico’s power company amid heated negotiations between creditors and the U.S. territory’s government. The overall debt restructuring plan has been amended four times this year by a federal control board that oversees Puerto Rico’s finances. A confirmation hearing is set for March 2024 as various bondholders continue to oppose the plan.

China's embattled Country Garden is aiming to pull together a tentative plan to restructure its offshore debt by the end of this year, two sources with direct knowledge of the matter said. The nation's biggest private property developer, which missed a coupon payment in October triggering default terms, then aims to start formal negotiations with offshore bondholders by February or March next year. They added the firm expects to inform key bondholders of its cash flow projections by...

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(Bloomberg) -- Former high-flying startup WeWork Inc. filed for bankruptcy listing nearly $19 billion dollar of debts, a fresh low for the co-working company that struggled to recover from the pandemic. Most Read from BloombergTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateIsrael Latest: Netanyahu Sees a Role in Gaza Security After WarWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtWall Street Faces ‘Reality Check’ After Big Rally: Markets W...