Page 13 - Debt Restructuring News Today

China has been striking a softer tone in its dealings with the world recently, releasing an Australian journalist from prison, inviting the U.S. military to a defence forum and agreeing to a $4.2 billion debt restructuring deal with Sri Lanka. The conciliatory approach towards rivals as well as China's partners in the developing world comes as President Xi Jinping gets to grips with the most significant domestic economic problems seen in years. For the time being, China wants to reassure...

Country Garden's entire offshore debt will be deemed to be in default if China's largest private property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period. A non-payment is expected after Country Garden last week warned about its inability to meet offshore debt obligations. Its dollar bonds are being bid at below 6 cents on the dollar.

Zambia has agreed on a long-sought debt deal with its foreign lenders, the country's Finance Ministry announced on Saturday at an International...

Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told Reuters on Friday. Wickremesinghe took office in July last year, after a popular uprising, brought on by an economic meltdown, had forced his predecessor out of power. Wickremesinghe, who is also finance minister, has been leading Sri Lanka's push to manage its heavy debt and keep funds flowing from a...

International Monetary Fund Managing Director Kristalina Georgieva on Thursday said consensus was growing in sovereign debt restructuring discussions on issues such as the comparability of treatment of private and public creditors. Georgieva told a news conference that the Group of 20 Common Framework for debt restructuring had been slow to deliver results, but it was encouraging that the time for dealing with individual country cases was now growing shorter. Throwing out the Common Framework wo...

Georgieva says debt restructuring process is making progress

Hiap Seng announces 2-for-1 rights issue to raise $3.3 million for debt restructuring

The Sri Lankan government has reached a preliminary agreement with China on the restructuring of its debts, which are key to the countrys economic recovery. The agreement covers approximately $4.2 billion of outstanding debt and is seen as a significant step towards restoring Sri Lankas long-term debt sustainability.

(Bloomberg) -- Africa needs international relief from a vicious funding squeeze that have left as many as eight of its countries requiring debt restructuring, an International Monetary Fund official said.Most Read from BloombergIsrael Latest: Hamas Leaders Targeted as Ground War LoomsIsrael Latest: NATO Allies Urge Immediate Release of HostagesApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’Goldman Sues Malaysia as 1MDB Settlement Dispute EscalatesIMF Caught Off...

CFR experts discuss the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund, taking place this week in Marrakech, Morocco.GOODMAN: My name is Matthew Goodman. I recently …