Holders of Tuspark’s dollar bonds guaranteed by Tus-Holdings overwhelmingly approved the debt extension plan for the cross-defaults on their bonds. Tus-Holdings said 100% and 99.95% of the total votes cast by eligible bondholders of the $400mn 7.95% 2021s and $550mn...
Tuspark’s dollar bonds slid after the company failed to pay the coupon on its 6.95% 2022s last Friday. An investigative agency noted that the bond’s trustee had told holders that it had not received the coupon payment, with the company now having a 7-day grace period...