Page 18 - Debt Restructuring News Today

(Bloomberg) -- A large but secretive group of creditors is emerging as one of the last major roadblocks to a historic restructuring of China Evergrande Group.Most Read from BloombergDebris Spotted in Search for Missing US F-35 Fighter JetVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingHow Auto Executives Misread the UAW Ahead of Historic StrikeTrillion-Dollar Industry Powering Chicago at Risk of LeavingXi’s Missing Defense Chief Opens Door for US Military Talks...

A debt crisis in Chinas property sector, which accounts for roughly a quarter of the economy, has sent jitters across global markets and prompted Beijing to roll out a series of measures in a bid to stabilise the sector and bolster housing demand.

A video of Zambia's President Hakainde Hichilema is circulating on social media alongside claims that he criticised Zimbabwean officials for condemning a report that raised issues with Zimbabwe’s recent election. This is false: the clip has been taken out of context and actually shows Hichilema addressing the Zambian parliament on his country’s debt restructuring plan.

Jayati Ghosh & Kanchana N. Ruwanpura think the government’s attempt to resolve the balance-of-payments crisis through austerity will backfire.

South Asia News: Sri Lanka has accepted offers to exchange $10 billion worth of defaulted local debt for new bonds, as part of its debt restructuring requirements. The

Recently, a lot of discussion has been on why local currency debt restructuring is viable and possible. However, in...

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

The IMF has no good options—but it may have just selected the worst

The meetings for CEG class A and class C debt holders were earlier scheduled for Sept. 26. Evergrande is at the centre of a crisis in China's property sector that has seen a string of debt defaults since late 2021. Evergrande needs approval from more than 75% of the holders of each debt class to approve the plan, which offers creditors a basket of options to swap debt for new bonds and equity-linked instruments backed by its stocks and those of its Hong Kong-listed units.

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