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DISTRESSED DEBT EXCHANGE
ET Prime Special Series: Multibagger or Bankrupt - Part 56: An acquisition, a divestment, and a JV for EV. Ready for re-rating?Bulls argue this company is becoming a complete mobility-platform supplier in India: Power solutions and aftermarket, braking and safety. B...
Spirit Airlines stock just shocked the market, jumped over 130% while airline stocks fall: is Spirit Aviation Holdings (FLYYQ) a real comeback or bailout-driven spike?Spirit Airlines stock just shocked the market. It jumped over 130% in one session. Shares of Spirit Aviation Holdings Inc. (FLYYQ) surged n...
The rupee’s swing: When currency becomes the deal maker or breakerRupee volatility has become central to India’s distressed deals, driving stress for firms with dollar debt despite stable operations. Eleva...
Maldives gets IMF debt warning as more Chinese loans loomMaldives warned by IMF of 'debt distress' due to heavy borrowing from China. Urgent need to increase revenue, reduce spending, and limit ex...
Moody's downgrades rating on senior unsecured bonds issued by Vedanta ResourcesThe rating for the Corporate Family Rating (CFR) of Vedanta Resources was also downgraded to Caa3 from Caa2, Moody's said. Last week, Vedan...
Asset recast companies hopeful of RBI fillip to help tackle Rs 6 lakh crore of soured loansNew guidelines in the works may include more qualified buyers which can deepen the market.
View: Countries seeking debt relief need faster debt restructuringCountries in distress have raised nearly half of their total public debt externally. In 2019, external public debt raised by LICs totalled ...
Strategic investors offer higher value for distress companiesIn as many as 12 large insolvency resolutions where strategic investors were involved, lenders could recover nearly 50% on average, while r...
Fitch downgrades Future Retail to restricted default on DDEFitch said it views the move as a distressed debt exchange (DDE). At the same time, it affirmed the rating on FRL's USD500 million 5.6 per ...
Sitharaman's bad bank plan sparks concern loan prices could be inflatedThere are many details about the bad bank that policy makers haven’t clarified, including its ownership structure, which makes any analysis...
Sebi to issue circular on 'side pocketing' by MFs soonSebi has agreed in principle to the proposal put forward by the mutual funds industry.
Sebi to issue circular on 'side pocketing' by MFs soonMarkets regulator Sebi on Thursday said it will issue a directive soon on terms and conditions for mutual funds to separate their distresse...
Vedanta Resources to buy back bonds worth $500 mnMetals and mining conglomerate Vedanta Resources will repurchase in cash bonds worth $500 million (about Rs 3,300 crore) out of its outstan...
- S&P downgrades Greece credit rating to 'selective default'
Standard & Poor's has downgraded the sovereign ratings of Greece to "selective default", citing the crisis-hit nation's move towards "distr...
- Fitch sees 20% of $7-bn FCCB redemptions failing this year
The report says of the 31 corporates in the 'likely to redeem' category, five are better-placed to redeem their FCCBs using a financing opt...
- Nearly 20% of $7-billion foreign currency convertible bonds face default risk this year, says Fitch
Nearly 20% of the $7-bn FCCBs face default risk this year as investors demand funds back due to languishing stock prices.
- Spice Finance, 3 Degrees AMC launch PE fund
Spice Finance entered into a first-of-its-kind strategic joint venture with Singapore-based 3 Degrees Asset Management to launch the Spice ...