Page 14 - Debt Restructuring News Today

Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter. The proposal sent on Oct. 2 provides a write-down, or haircut, on both capital and interest, added the sources who declined to be named because the talks are private. It foresees issuance of regular sovereign bonds and also of so-called Macro...

(Bloomberg) -- China reached a tentative debt agreement with Sri Lanka, front-running separate talks the International Monetary Fund and other creditors are holding with the South Asian nation and catching them by surprise. Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictAfghanistan’s Viral Supercar Makes Global Debut at ...

This article is authored by Pramod Kathuria, founder and CEO, Easiloan.

As more Chinese property developers move towards restructuring billions of dollars of debt, their offshore creditors are expected to face another setback - the prospects of revamp terms being tightened due to a worsening outlook for the county's real estate sector. Developers, financial advisers and bondholders said that could make debt restructuring terms much worse than expected earlier. Sunac China last week became the first property developer to complete the debt revamp process after ...

The troubled developer cancelled a $19 billion debt restructuring. Investors in its bonds say the move could ripple through the entire sector.

HONG KONG (Reuters) -China's Country Garden Holdings said it might not be able to meet all of its offshore payment obligations when due or within the relevant grace periods, as the country's largest private property developer grapples with debt restructuring. "Such non-payment may lead to relevant creditors of the Group demanding acceleration of payment of the relevant indebtedness owed to them or pursuing enforcement action," the company said in a Hong Kong Stock Exchange f...

Status of Evergrande Transaction As previously reported by NWTN Inc., a Cayman Islands exempted company , on a Current Report on Form 6-K filed with the Securities and Exchange...

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Says debt servicing for the poorest countries is outstripping healthcare spending by four to one

LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructure the country's $20 billion in international debt and the possibility of raising fresh financing, three people with knowledge of the discussions told Reuters. Interactions have intensified in recent weeks led by the head of the debt management office, Yuri Butsa, who has been seeking investor feedback, they said. Talks with bondholders were due to start early next year.