Huarong to Call Back 4% Dollar Perp
China Huarong announced that it will redeem/call back its $700mn 4% Perp at par on the upcoming call date of November 7, as per an exchange filing. The bonds are guaranteed by China Huarong International Holdings, a wholly-owned subsidiary of China Huarong Asset...
HK Airlines Plans $6.2bn Debt Restructuring
To avert insolvency, HK Airline has planned for an HK$ 49bn ($6.2bn) debt restructuring through UK and Hong Kong courts. The HNA Group carrier stated, “HK Airline is seeking court approval to convene meetings of its creditors and put forward its restructuring...
Commerzbank Prepares for $471mn Q3 Hit on mBank Unit
Commerzbank said that it would take a €490mn ($471mn) hit on its Q3 operating profit after its Polish mBank unit booked additional provisions for its Swiss franc loans. The German banking major said that despite the hit, it is expected to reach its net profit target...
Brookfield Plans $1bn Investment in Greenko
Brookfield Asset Management looks to invest at least $1bn in India’s Greenko Group. Brookfield will help in decarbonizing initiatives and the investment can be extended to $1.25bn at a $9-10bn valuation as per the ET. The investment may either be in its...
