Venezuela is edging closer to default on its foreign debt as vulture funds snap up the country’s bonds and push an acceleration clause for missed coupon payments
Tag: bondholders
Posted inDaily Brief
Oi creditors demand further meetings
Brazilian telecom’s debt restructuring remains Latin America’s largest bankruptcy protection case to date
Posted inDaily Brief
Oi changes recovery plan
Brazilian telecom expects creditors to vote on the reorganization proposal by the end of June
Posted inDaily Brief
Bondholders object Oi restructuring plan
Ad-hoc group says the Brazilian telecom has kept it out of the loop and also opposes plan to sell assets without auctions
Posted inDaily Brief
Elliot prepares Oi offer
US hedge fund held talks last year about a possible investment in the troubled Brazilian telecom but never reached a deal
Posted inDaily Brief
Oi analyzes debt swap proposal
Brazilian telecom plans to present a new recovery plan in Q1 2017
Posted inDaily Brief
Oi creditors offer debt swap, investment plan
Bondholders and Egypt’s Orascom present plans to exchange outstanding notes for a 95% stake in the bankrupt Brazilian telecom
Posted inDaily Brief
Oi bondholders reject restructuring plan
Creditors say they have to forgive almost $7bn in debt, while the equity holders stand to gain from write-offs and asset sales
Posted inDaily Brief
Petrobras debt-to-equity swap to ease bondholder concerns
Brazil’s state-owned oil company could write off up to $22bn in debt through the exchange, sources say