Page 22 - Debt Restructuring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(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 Hands Befor

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 the year's end, as part of the basis for the tentative restructuring plan.

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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 WrapTrump Shouts at Judge and