Sri Lanka signs debt relief deal with Belgium’s Credendo

Sri Lanka has signed a bilateral agreement with CREDENDO, Belgium’s Export Credit Agency, to reschedule external debt amounting to 9.6 million euros. The Ministry of Finance, Planning and Economic Development stated that the agreement forms part of Sri Lanka’s ongoing external debt restructuring process. The agreement was signed by Finance Ministry Secretary Dr. Harshana Suriyapperuma…

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Top Thai builder secures debt relief as crash probe proceeds

(Jan 28): Thailand’s largest construction company, which is under investigation for its role in two deadly accidents, won investor approval to restructure its outstanding bonds. Italian-Thai Development pcl received bondholders’ consent to extend the maturity of five notes totalling 14.5 billion baht (RM1.83 billion) by three years, the company said in an exchange filing Wednesday…

Top Thai builder secures debt relief as crash probe proceeds

(Jan 28): Thailand’s largest construction company, which is under investigation for its role in two deadly accidents, won investor approval to restructure its outstanding bonds. Italian-Thai Development pcl received bondholders’ consent to extend the maturity of five notes totalling 14.5 billion baht (RM1.83 billion) by three years, the company said in an exchange filing Wednesday…