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OFFSHORE DEBT RESTRUCTURING
Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...- Udaan faces creditor heat; Bhavin Thurakia's fifth rodeoCreditors have dragged B2B ecommerce firm Udaan’s parent to Singapore court over a bond default. This and more in today's ETtech Top 5.
- Country Garden shares surge 11% in resumed trade after 9-month haltShares of China’s struggling Country Garden surged by 11% after a nine-month trading halt to prepare delayed financial statements. The deve...
- China Evergrande granted final reprieve as winding-up hearing adjourned to December 4Evergrande, which has more than $300 billion of total liabilities, defaulted on its offshore debt in late 2021 and became the poster child ...
- Country Garden default talk swirls as offshore debt deadline passesCountry Garden reiterated on Wednesday that it expects to be unable to meet all of its offshore debt obligations and hopes to seek a "holis...
- China's Country Garden offshore debt default loomsThe repayments had not been made by early Wednesday, Reuters reported. The company last week warned of its inability to meet offshore debt ...
- Country Garden's entire offshore debt to be in default if Tuesday payment not madeNon-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts.
- Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assetsChina Evergrande Group has reportedly sold its luxury superyacht, Event, for about $32 million as part of its efforts to sell non-core asse...
- What's in store for China Evergrande with its chairman now under police watch?China Evergrande Group's chairman, Hui Ka Yan, has reportedly been placed under police surveillance, adding to uncertainties surrounding th...
- Shares in China's Sunac jump after creditors approve debt restructuring planA debt crisis in China's property sector, which accounts for roughly a quarter of the economy, has sent jitters across global markets and p...
- Evergrande Group files Chapter 15 bankruptcy in New YorkThe move protects it from creditors in the US while it works on a restructuring deal elsewhere. The Chinese homebuilder's Chapter 15 petiti...
- Chinese real estate giant Evergrande files for protection in US court as part of $32 billion debt overhaulThe company sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings...
- China Evergrande enters support agreements for debt restructuringChina Evergrande Group entered into three restructuring support agreements with members of AHG (ad-hoc group) to help implement its proposa...
- Evergrande's debt revamp to provide roadmap on tackling China property crisis"We're all waiting for Evergrande's proposal to get an idea of the terms and it'll set a benchmark," said a senior executive of a property ...
- Fitch withdraws ratings on debt-laden China Evergrande, subsidiariesThe rating agency in December downgraded Evergrande and its subsidiaries, Hengda Real Estate Group Co Ltd and Tianji Holding Ltd, to so-cal...
- China Evergrande aims for restructuring plan within six months as creditor talks beginEvergrande Group, once China's top selling developer and now struggling to repay its creditors, suppliers and investors in wealth managemen...
- Great Offshore's net profit falls 27% at Rs 74.34 croreGreat Offshore's net profit in the financial year 2011-12 fell by 27% to Rs 74.34 crore as against Rs 101.7 crore in the year ago period.
- Great Offshore downgraded to default, lender may recast loanEarly this week, rating company Crisil downgraded the rating assigned to the debt of Great Offshore to default grade from investment grade.
- Lenders may seek debt restructuring of Great Offshore; banks have Rs 1,137 cr exposure to coThe lenders of Great Offshore (GOL) may consider restructuring its debt due to delay on its part in servicing bank loans.
- Lenders set to rejig Bharati Shipyard's Rs 3,900 cr loanIndian lenders are set to restructure loans close to Rs 3,900 crore of Bharati Shipyard, the country's second-largest private shipyard.
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