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...Altice France has just over €20bn of secured debt and €4bn of riskier unsecured debt that does not have a direct claim on its assets....
...Another creditor said that repeated calls to enlarge a Signa Prime creditors’ committee had been ignored....
...of EG’s audit committee and a member of Asda’s board....
...The Basel Committee declined to comment. The future of AT1s have become a political issue across Europe since the Credit Suisse wipeout....
...The Body Shop collapsed owing almost £50mn to unsecured creditors, who face being left out of pocket, as the administrators pursue a company voluntary arrangement in a bid to keep the retailer’s shops open...
...Ukraine’s international bondholders have formed a creditor committee ahead of a $20bn debt restructuring that Kyiv is aiming to negotiate by September, amid uncertainty over the arrival of funding to help...
...Hundreds of unsecured creditors including consulting firms Accenture and the Boston Consulting Group were owed a total of £44.6mn, according to the administrators’ proposals finalised this week....
...The luxury brands are among more than 500 unsecured creditors to Matches, the ecommerce site bought by Mike Ashley’s Frasers group in December and which was placed in administration last month....
...WeWork lawyers, however, told the court that the newly struck deal with existing lenders had the support of secured and unsecured creditors....
...Arrival owes about £87mn to secured creditors, £2mn to preferential creditors, and a further £102mn to unsecured creditors, the document shows....
...Hichilema’s government signalled that China and the country’s other official creditors were happy with the latest bondholder deal, after delays that made Zambia a symbol of the failure of a G20 initiative...
...Hundreds of unsecured creditors are expected to recover between 4 per cent and 8 per cent of their debts, or as little as 4p in the pound, according to the administrators’ proposals finalised this week....
...Finally, China’s representatives in the Official Creditor Committee kiboshed an initial agreement between Zambia and its bondholders in part due to fears this would not leave enough room for a comparable...
...The bondholders’ committee said on Monday “it was not for official bilateral creditors to dictate debt terms to other creditors in circumstances where the government has confirmed comparability of treatment...
...Yet a series of creative financings led by Leiv Synnes, the chief executive parachuted in last year, have kept the company ahead of its creditors....
...Investors expect the Monetary Policy Committee to keep the key rate of interest unchanged at 5.25 per cent when it meets on Thursday....
...Nearly all account holders of the bankrupt cryptocurrency exchange FTX are in line to receive cash worth more than 100 per cent of their official claims, according to a plan of reorganisation filed in court...
...Second, in recent restructurings, official creditors, more so than private creditors, have been the cause of delay....
...Official data released on Friday is expected to show that the BoE’s February forecast about economic growth in the first three months was too gloomy....
...The NRW officials told the committee they were unable to name one local authority known to be testing land for possible contamination from the old mines....
...Holders of Ukraine’s sovereign bonds have formed a committee as Ukraine has said it plans to secure a restructuring by the middle of this year, in time to replace the two-year moratorium that expires in...
...“We did our part, now creditors — official, private — must do their part,” Hichilema said....
...Yet even with the adjustment, the Official Creditor Committee (OCC) did not bless the deal....
...Bondholder talks are the next stage but Ghana also needs to formalise the deal with official creditors, IMF staff said as they gave the green light for the bailout to continue last week....
...Zambia’s official creditors including China have already signed up to debt relief, which made a private creditor deal the last hurdle to leaving a 2020 default behind....
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