Debt News

Drug store chain Rite Aid Corp. put off a key court hearing in order to complete a deal that would cut $2 billion in debt, resolve lawsuits related to opioid prescriptions and end the company’s six-month-old bankruptcy.

Forcing large regional lenders to issue long-term bonds will give them sturdier funding. But will it really help in a crisis?

The US Fed has indicated it will cut interest rates in the latter half of 2024. It is an opportunity for investors to invest in debt funds and lock into current high yields and potential for future capital gains.

El Salvador returned to global debt markets with an offering that will pay investors a higher interest rate if the government fails to win credit upgrades or a deal with the International Monetary Fund.

Debt funds, which are instruments to invest in fixed-income securities like bonds, saw a massive ₹1.98 lakh crore outflow in March 2024. Debt funds are type of mutual funds that are relatively less volatile and is seen as a regular income source.

The embattled French IT company Atos SE is seeking more than €1 billion in new funds and plans to cut its current debt pile by at least half, according to a restructuring plan presented to creditors late Monday.

FPIs’ net investment in the country’s debt markets stood at ₹121,059 crore for FY24. This was the highest FPI inflow in the debt market since FY 2014-15, when they infused ₹130,302 crore.

A low CIBIL score usually indicates a higher risk to banks, making them reluctant to extend credit.

Ghanaian authorities and international bondholders expect to begin talks this week aimed at a deal to restructure roughly $13 billion of defaulted global debt, according to people familiar with the matter.