debt restructuring

Senegal bondholders hire White & Case as $5B restructuring looms

Holders of Senegal's sovereign bonds have organized a creditor group and hired White & Case as legal counsel, Reuters reported on Wednesday, citing four sources with direct knowledge of the matter. The group includes at least eight fund managers, the…

Senegal debt restructuring threatens 60% losses for bondholders

Senegal's proposed debt overhaul is threatening to inflict steep losses on international bondholders, with some investors estimating recovery values as much as 60% below par, according to Bloomberg. The repricing of the West African nation's euro- and dollar-denominated bonds has…

IMF’s Georgieva warns rising bond yields threaten developing nations

International Monetary Fund Managing Director Kristalina Georgieva warned on Tuesday that ballooning debt and rising bond yields in advanced economies are threatening to undo developing and low-income countries' progress in reining in their own debts, as a global bond market…

Venezuela set to reveal $240B debt in largest restructuring

Venezuela is poised to disclose a total debt burden of $240 billion as it prepares for what would become the largest sovereign debt restructuring in history, the Financial Times reported on Wednesday, citing sources familiar with the plans.