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FUTURE BONDHOLDERS
Scrap dealers among six companies to bid for troubled Future RetailAn Adani Group entity, April Moon Retail, and Reliance had initially responded to invitations for expressions of interest (EoI) for the ins...
Learn with ETMarkets: Decoding bondsBonds are debt issued by governments and companies to raise money. On a corporate bond with a tenor of five years, the corporate agrees to ...
Future Retail IRP admits Rs 17,511 crore financial creditors claimThe IRP, Vijay Kumar Iyer backed by Deloitte India, received Rs 21,058 crore claims from financial creditors; however, all claims were not ...
Most local banks may have voted against Future's deal with RILIf Future fails to obtain a majority vote from creditors and shareholders, the latter voted on Wednesday, the deal could fall through and i...
Future's offshore bondholders get recovery assuranceSenior secured bondholders are placed up in the hierarchy for recovery of dues if a company undergoes insolvency proceedings since the bond...
Bombay HC vacates order restraining Future's stake sale in Generali insurance JVThe latest order comes as a relief to the Future Group, which is in dire need of funds to pay off a mountain of debt. It has been fighting ...
Future appeals against ruling on stake sale in insurance armThe court will hear the matter on Monday. The city civil court in Mumbai has passed an ex-parte interim order in a plea filed by IDBI Trust...
Mumbai Court temporarily stops Future Enterprises from selling stake in Insurance JVThe city civil court in Mumbai has temporarily restrained Future Enterprises Ltd from selling its stake in Future Generali India Insurance ...
Future Retail may miss $14 million coupon payment on bondsThe Kishore Biyani-promoted company, which had raised $500 million in an overseas bond issue offering 5.6% returns in January 2020, has one...
China Evergrande makes payment before deadline, official media saysEvergrande sent an $83.5 million interest payment to bondholders, China’s Securities Times reported without providing details. The outlet i...
Jyoti Structures' bondholders may force firm into bankruptcySome provident and gratuity funds included Scottish Church Collegiate School and St Pauls School Darjeeling, Ashok Leyland and state-owned ...
- Cyprus deal drives up insurance costs on bank debt
The cost of insuring European bank debt against default jumped on Monday after a senior EU official said the bailout of Cyprus could be use...
- Suzlon's FCCB Default: September quarter numbers may be disappointing
Another immediate concern for investors of the company is Suzlon Energy's dismal financial performance in the absence of adequate working c...
- Suzlon's FCCB default: Company can buy more time to arrange funds, but analysts advise exit
Suzlon's announcement that it may not be able to repay FCCBs worth over $200 million sent its stock price crashing by more than 5% intra-da...
- 3 Degrees Asset Management Hedge Fund alleges FCCB fraud by Tamil Nadu-based Karur KCP Packagings
If the stock market continues to languish, there could be more such feuds in future with about $7 billion FCCBs maturing this year.
Should bondholders be bailed out?The best policy should categorically exclude bondholders from the set of potential beneficiaries of government bailouts.
- GM gets a lifeline, finally
Fallen US auto giant General Motors pulled back from the brink on Thursday, winning government and bondholder support for a new restructuri...