Debt swap

Latam Air concludes bankruptcy agreement that leaves the reins to creditors

(Bloomberg) – Latam Airlines Group SA has reached an agreement with the main stakeholders which paves the way for the Chilean carrier to reduce its debt and come out of bankruptcy under a new owner. Latin America’s largest airline plans to raise around $ 5 billion by issuing shares and …

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Hong Kong’s COVID-19 rules take a mental toll on Cathay pilots

By Jamie Freed (Reuters) – One of Asia’s biggest airlines, Cathay Pacific, faces revolt from pilots who say Hong Kong’s strict quarantine rules as part of its zero COVID policy put their health at risk mental, leading to increased stress and quitting. Cathay Pacific Airways Ltd fired last week https://www.reuters.com/markets/europe/cathay-pacific-fires-3-pilots-infected-with-covid-19-layover-scmp-2021-11-18 …

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Will New Delhi bring aid to ailing Sri Lanka?

(MENAFN- NewsIn.Asia) By PKBalachandran Colombo, November 24 (SAM): Sri Lankan Minister of Finance Basil Rajapaksa plans to travel to New Delhi at the earliest to ask Prime Minister Narendra Modi for urgent help to overcome the island’s economic crises , in particular the part concerning the external debt repayment. According …

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ESMA Changes Derivatives Trading and Clearing Obligations to Facilitate LIBOR Transition

ESMA has proposed changes to the Clearing Obligation (CO) and Derivatives Trading Obligations (DTO) to support the ongoing market transition away from the EONIA and Libor benchmarks. In its report, the European securities regulator suggested draft regulatory technical standards (RTS) that modify the scope of the trading obligations for over-the-counter …

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The risk of debt distress hangs over the Korean stock market amid increasing new offerings

The debt distress that plagued South Korean stock exchanges in their record-breaking IPO year, surpassing $ 17 billion, is expected to last throughout the year and weigh on stock performance next year, as new bulk offers are scheduled for the end of the year. Samsung Heavy Industries Co. is preparing …

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Link Spends $ 538 Million on Premium Sydney Retail Stake

Vicinity will continue to manage the business assets as the co-owners seek to position the portfolio “dynamically” as buyers return to the city. Link REIT chief executive George Hongchoy said the group jumped at the chance to secure the “rare wallet” in the heart of Sydney’s CBD after it was …

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Evergrande: the payment dates for bonds and interest to watch

Evergrande faces increasing pressure to repay its dollar-denominated bonds in the coming months, despite several last-minute transfers in October that helped the heavily indebted Chinese real estate company narrowly avoid a default. Investors and global markets will be on the lookout for clues as to the possible fate of the …

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Esperluette Expands Operations with $ 9 Million Investment in American International Development Finance Corporation (DFC) Credit Facility

Based in Kigali, Ampersand Rwanda Ltd has secured a $ 9 million loan facility from the American International Development Finance Corporation (DFC) which will be used to expand its operations in Kenya and Rwanda. The deal is part of DFC’s first electric mobility loan, which signifies increased investor confidence in …

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