COFINA Senior Bondholders Coalition Discloses Participation in Constructive Settlement Discussions to Help Resolve … – Business Wire (press release)

NEW YORK & SAN JUAN, Puerto Rico–(BUSINESS WIRE)–The COFINA Senior Bondholders Coalition (the Coalition or we), which collectively represents the largest group of organized holders of bonds issued by the Puerto Rico Sales Tax Financing Corporation (COFINA), released the below statement today regarding its involvement in developing a proposed settlement of The Commonwealth of Puerto…

New mechanism in pipeline to help debt-ridden SOEs – ecns

Deleveraging has been highlighted twice at high-profile central meetings this year, financial news outlet Yicai reported Sunday. According to the just-concluded second meeting of the Central Committee for Deepening Overall Reform on Friday, reinforcing the asset and liability constraints on State-owned enterprises (SOEs) is important for reducing leverage ratios and defusing debt risk. One month…

China’s Pacific aid push backfiring, Australian officials believe – The Australian Financial Review

Senior Australian officials believe Pacific Island and Asian nations are reassessing the value of receiving Chinese foreign aid after seeing Beijing’s heavy-handed treatment of them when they seek debt relief. As a new US State Department report, as revealed by The Australian Financial Review, warns China is creating a “debt trap” for smaller nations in a bid…