debt-instruments
FinanceBritain’s Thames Water Seeks Debt Lifeline Approval in High Court
Top StoriesFrench Debt Risk Premium Falls After Government Collapses
FinanceBarclays Reaches $19.5 Million Settlement Over $17.7 Billion Debt Sale Blunder
BusinessAirBaltic Stalls IPO Until at Least the First Half of 2025
Air Taxi Firm Vertical Says Mudrick to Convert Some Notes to Equity, Extend Repayment Deadline
Date: November 25, 2024
\By Abhijith Ganapavaram (Reuters) -UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028, providing the cash-strapped air-taxi maker with financial breathing room. Mudrick will commit $25 million in upfront funding for...
Britain’s Thames Water Gets Creditor Nod for $506 Million Reserve Funds
Date: November 19, 2024
(Reuters) -Britain’s Thames Water said on Monday creditors of its Class A debt approved a proposal to let it use about 400 million pounds ($505.88 million) of cash from its reserve accounts, providing a cash runway to February 2025. The proposal is part of a broader 3-billion-pound funding lifeline the indebted utility announced last month...
Intrum Files for Bankruptcy in US to Restructure $4.5 Billion Debt Pile
Date: November 16, 2024
(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt. The company has struggled as the pandemic, an energy crisis and two-decade-high interest rates failed to unleash a wave of loan defaults, with concerns mounting over Intrum’s...
Chemicals Maker Basf India Q2 Profit Falls 14% on Higher Input Costs
Date: November 12, 2024
(Reuters) – Chemicals maker BASF India posted a 14.2% drop in second-quarter profit on Tuesday, hurt by higher input costs amid the Middle East crisis. Net profit fell to 1.28 billion rupees ($15.2 million) for the three months ended Sept. 30, from 1.49 billion rupees a year earlier. The Indian arm of Germany’s BASF saw...
Barry Callebaut Sees a Second Year of Flat Sales Volumes on High Cocoa Prices
Date: November 6, 2024
By Andrey Sychev (Reuters) – Swiss chocolate maker Barry Callebaut posted annual profit growth as it managed to pass on surging cocoa prices to customers, but said it expects a second straight year of flat sales volumes as prices of the key ingredient remain high. Shares in the company were up 3% by 0828 GMT....
Exclusive-African Countries Eye World’s First Joint ‘debt-For-Nature’ Swap
Date: September 27, 2024
LONDON (Reuters) – At least five African countries are working on what could be the world’s first joint “debt-for-nature” swap to raise at least $2 billion to protect a coral-rich swathe of Indian Ocean, according to a global conservation group. Debt-for-nature deals are becoming increasingly popular for poorer nations to pay for conservation. Bonds...