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As a result of the robust protection afforded bondholders benefiting from a statutory lien in a bankruptcy, Fitch rates ULTGO bonds issued by local governments in both states and backed by revenues with a statutory lien for bondholders two notches higher than the IDR.
Under the bailout plan, the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank) said they would provide a fresh 2.9 trillion won ($2.55 billion) loan if bondholders agreed to the debt rescheduling plan the former asked for.
This would provide iHeart, it said,with the flexibility to make exchange offers to all bondholders — including non-U.S.
Late on Monday, Reuters quoted a group of KTB bondholders as saying that in the absence a[a[bar]] of any substantive communication from the government, bondholders will pursue legal remedies against the state and the bank.a
Some bondholders yesterday expressed disappointment over the amount of returns, citing that they expected to receive more because the economy is picking up.
A previous deal, agreed in July, to force bondholders to take a 21% loss, fell by the wayside as talks dragged on and Greece's debt rose even higher.
The irrational, unstable, wild, markets take an all-or-nothing approach which suits the bondholders down to the ground.
Winning bondholders also have the opportunity to exchange their promotion prizes for National Bonds Saving certificates for the same value.[c] 2010 Al Bawaba (www.albawaba.com)
In a reflection of its solid showing in 2009, the company registered a 48 per cent growth in new savings deposits and saw its customer base increase by 8 per cent to 560,000 bondholders from over 91 different nationalities.
African Copper Plc (TSX: ACU)(AIM:ACU)(BOTSWANA:AFRICAN COPPER), a UK-based company that explores and develops copper deposits in the Republic of Botswana, has announced a proposed debt and equity subscription by Natasa Mining Limited (Natasa) and a debt for equity swap with the company's bondholders (bondholders) and certain major creditors.
A bondholder may choose not to receive information so as not to be restricted.
The group has hired John Talbot and Chris Hughes from the specialist firm now advising bondholders of another troubled telecoms firm, Energis, for an undisclosed amount.
STRICKEN telecoms group Marconi yesterday recruited insolvency expert Talbot Hughes to lead its crucial talks with banks and bondholders.
National Bonds paid 7.07 per cent to bondholders in 2008, much higher than last year's profit rate.
(STO:ARP) (WSE:ATC) announced on Wednesday that that a meeting of bondholders of series A bonds of the issuer with ISIN code PLARTPR00038, issued pursuant to the terms and conditions of issue of 30 September 2016, was concluded on 24 July 2019.
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