by bondevalue | Jan 16, 2019 | Distressed / Defaulted Bonds
PG&E Corp, owner of the biggest US power utility according to the number of customers, saw nearly all of its roughly $18 billion of bonds trade sharply lower earlier in the week after the company announced it was preparing to file for Chapter 11 bankruptcy...
by bondevalue | Dec 21, 2018 | Distressed / Defaulted Bonds, High Yield Bonds, Southeast Asia
As Noble Group’s restructuring took effect on 20th December, a total US$800 million in new money debt, comprising of the New Trading Finance Facility, the New Hedging Support Facility and the Increase Trade Finance Facility, has been made available to New Noble,...
by bondevalue | Aug 31, 2018 | Distressed / Defaulted Bonds, Financial News
Noble Group’s shareholders voted overwhelmingly at a special general meeting, held earlier this week and attended by some 222 registered shareholders, to push through its $3.5 billion debt-for-equity rescue plan. This latest outcome paves the way for the...
by bondevalue | May 24, 2018 | Distressed / Defaulted Bonds, Financial News, Singapore Dollar Bonds
Hyflux Ltd. started a court-supervised debt reorganisation process after seeking court protection on May 22 to block creditors from filing winding-up petitions or seizing pledged assets while debt restructuring negotiations take place. The Singapore-based water...
by bondevalue | Jan 31, 2018 | Distressed / Defaulted Bonds, Financial News, HomePage
Noble Group Ltd., who had fallen into financial difficulties because of the fall in commodities prices, reached a deal earlier this week to restructure $3.5 billion in debt. After a 3-year crisis marked by massive losses, write-downs and controversial accounting,...
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...
