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...The price of Altice France’s unsecured bonds fell more than 20 percentage points during the bondholder call, to trade at less than half their face value....
...Another creditor said that repeated calls to enlarge a Signa Prime creditors’ committee had been ignored....
...In July, Mohsin appeared before a parliamentary business and trade committee, at which the committee’s chair Darren Jones said his behaviour was “not in order”....
...The deal, which was orchestrated by the Swiss government, upended the traditional bank capital structure by imposing losses on creditors while allowing shareholders to recover $3.3bn....
...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...
...The country’s official creditors have already extended their own debt payment moratorium to 2027, when Ukraine’s current IMF bailout ends, and signalled that they will restructure at that stage....
...The Body Shop collapsed owing almost £50mn to unsecured creditors who face being left out of pocket as administrators pursue a company voluntary arrangement in an effort to keep the retailer’s remaining...
...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 said it had “received confirmation that the agreed terms are compatible” with the view of official creditors on the burden-sharing between themselves and private creditors — an indication...
...The documents also showed that the Pension Protection Fund, the pensions lifeboat, is owed £50mn as an unsecured creditor although it should be repaid a separate £20mn as a secured creditor from property...
...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....
...The sum is enough to pay 118 cents on the dollar to the 98 per cent of creditors who hold $50,000 or less in claims. The remaining creditors will receive at least 100 cents on the dollar....
...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....
...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....
...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....
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