by bondevalue | Dec 15, 2017 | China, Distressed / Defaulted Bonds, Financial News, High Yield Bonds, HomePage
The US$300 million 8.875% bonds issued just last month by HNA Group International Co., a unit of HNA Group Co., fell to about 93 cents on the dollar earlier this week. Despite the company assuring markets that it would not default on borrowings in the near...
by bondevalue | Oct 23, 2017 | Distressed / Defaulted Bonds, Financial News, HomePage
In a bid to pay back lenders and reduce its debt, Noble Group Ltd, who earlier in the year saw its stock and bond prices fall sharply after announcements of financial difficulties due to the commodities slump, plans to sell its U.S. oil-liquids business to Vitol...
by bondevalue | Jun 20, 2017 | Distressed / Defaulted Bonds, Financial News, Sovereign Bonds
Venezuela is trying to make good on the promise to pay back its creditors. That should be considered a pretty stand-up thing to do. But the government is starving its people to drum up cash to do so. That puts investors in an ethically icky position. Some are starting...
by bondevalue | Jun 19, 2017 | Distressed / Defaulted Bonds, Financial News
Following Dana Gas’s announcement last week that its outstanding Islamic bonds were not sharia-complaint and therefore not enforceable, the energy company has as of Sunday obtained several injunctions, which basically restrains their bondholders from taking any form...
by bondevalue | Jun 19, 2017 | Distressed / Defaulted Bonds, Financial News
Grim days at Noble Group brighten slightly with a $2 billion credit facility extension from its banks until mid-October. This extension would provide the crisis-hit commodity trader some greatly needed leeway to source for solutions to its debt problems. Following...
by bondevalue | Jun 16, 2017 | Distressed / Defaulted Bonds, Financial News
The Islamic finance industry is in a quandary after Dana Gas of United Arab Emirates declared $700 million of its Sukuk as “unlawful“, citing claims that sharia-based financial standards have changed since the debt was issued. The company plans to halt...
