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China's Country Garden warns it could fail to pay offshore debt obligations - Vimarsana News

China's Country Garden warns it could fail to pay offshore debt obligations

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 filing on Tuesday. Companies accounting for 40% of Chinese home sales - mostly private property deve...

Source: yahoo.com
NWTN : Status of Evergrande Transaction - Form 6-K -October 10, 2023 at 08:33 am EDT - Vimarsana News

NWTN : Status of Evergrande Transaction - Form 6-K -October 10, 2023 at 08:33 am EDT

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...

Investor in Evergrande's Electric Car Unit to Pause Payments - Vimarsana News

Investor in Evergrande's Electric Car Unit to Pause Payments

(Bloomberg) -- The electric vehicle unit of defaulted property developer China Evergrande Group said Dubai-based NWTN Inc. will suspend carrying out its obligations under their share subscription agreement. Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Thrusts Palestinians Back Into Center of MideastIsraelis Taken Hostage Were Ripped From Everyday ActivitiesHamas Attack Prompts Blame Around Isra

Source: yahoo.com
Pakistan, emerging economies, debt crisis: Oxfam asks IMF, WB not to focus spending cuts - Vimarsana News

Pakistan, emerging economies, debt crisis: Oxfam asks IMF, WB not to focus spending cuts

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

Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources - Vimarsana News

Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources

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.

Source: yahoo.com