bondholders

© Reuters. FILE PHOTO: A logo of Casino is pictured outside a supermarket in Nantes, France, February 2, 2023. REUTERS/Stephane Mahe By Chiara Elisei LONDON (Reuters) - Some holders of bonds issued by French food retailer Casino are…

There’s a growing sense that Switzerland probably didn’t have a rock-solid legal foundation to wipe out Credit Suisse’s $16bn of AT1s — at least on a narrow interpretation on the bond documentation clauses. Not everyone agrees of…

Regulators were able to do that, it appears – there’s already a queue of investors and others lining up to litigate the issue – because the sale documents for Credit Suisse’s CoCo issues gave them the discretion to “zero” their value if it…

“They’ve changed the law and they have basically stolen $16bn of bonds,” Davide Serra, founder and CEO of Algebris Investments, told investors on a call this morning. “This has been a big policy mistake, they will regret it.…

© Reuters. FILE PHOTO: A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, March 15, 2023. REUTERS/Denis Balibouse/File Photo By Pablo Mayo Cerqueiro, Chiara Elisei and Davide Barbuscia LONDON/NEW YORK (Reuters) -…

Finance Minister Enoch Godongwana’s will spend about five minutes of his budget speech Wednesday on South Africa’s main power producer, if history is anything to go by. It’s going to be a tense 300 seconds for bondholders. Four months…

South Africa’s Eskom is not very good at keeping the lights on, but it’s providing excellent profits for bondholders. Eskom’s dollar bonds due 2028 — which don’t have an explicit government guarantee — have handed investors a total return…

Investors in Eskom are showing the deepest concern about the threat of Cyril Ramaphosa’s removal as president of South Africa. That much is clear from the embattled company’s dollar-denominated bonds, which languish as some of the worst…

South Africa’s government isn’t asking creditors of Eskom to accept losses as part of a plan to tackle the state-owned power utility’s debt burden, Finance Minister Enoch Godongwana said. The National Treasury said in October’s budget…

Breadcrumb Trail Links PMN Business Author of the article: Article content NEW YORK — Ukrainian state-owned gas company Naftogaz has laid out a new debt payment freeze plan, a week after becoming the first government…