The proposed acquisition forms part of a significant restructuring at Cell C, which will result in the company’s debt being reduced by more than half and all employees being given a stake in the business. Blue Label intends using a mix of cash and new debt to pay for the stake. Although the R4-billion injection…
Republicans in the U.S. Congress proposed their first measures to help Puerto Rico as it swiftly runs out of cash, responding to pleas from the islands government and the Obama administration. Senate committee chairs including Orrin Hatch, the head of the finance panel, filed a bill Wednesday to direct up to $3 billion to Puerto…
National Debt Relief recently shared in an article published November 27, 2015 some of the ways consumers can retain their freedom from debt after hurdling all their financial obligations. The article titled “Get-Out-Of-Debt Habits You Should Retain After Debt Freedom” looks at financial habits consumers need to have to prevent falling back into debt. Dallas,…
MUMBAI: A number of infrastructure companies, including some major private players, are looking to sell masala bonds, as they seek to reduce the risks associated with external commercial borrowings by moving to this rupee-denominated overseas debt that also comes with easier conditions. As much as $6 billion (about Rs 40,000 crore) could be raised through…