Page 14 - Debt
How G7 could help the debt-distressed
This small and wealthy group with its outsize power is uniquely positioned to help low-income countries manage deteriorating macroeconomic conditions
 "How G7 could help the debt-distressed")
Bharti Airtel Africa issues tender offer to buy back $ 300 mn senior notes
The company's tender offer to purchase $ 300 million worth of its 5.35% guaranteed senior notes of $ 1 billion due 2024 has commenced from June 21 and will expire on July 19, 2022, Bharti Airtel said
 "Bharti Airtel Africa issues tender offer to buy back $ 300 mn senior notes")
Jain Irrigation to merge international biz with Temasek-backed Rivulis
The cash proceeds will be used to pay off Rs 2,700 crore of overseas debt
 "Jain Irrigation to merge international biz with Temasek-backed Rivulis")
Fashion startup Zilingo's board said to approve debt repayment to creditors
The move puts the embattled fashion startup in a precarious financial position, given its money-losing operations and limited access to fresh capital
 "Fashion startup Zilingo's board said to approve debt repayment to creditors")
Mere act of invoking pledged shares does not discharge debt, rules SC
Top court says debt is not discharged till there has been an actual sale of the pledged items
 "Mere act of invoking pledged shares does not discharge debt, rules SC")
Experts warn against China's debt-trap diplomacy, cite Sri Lanka's example
Sri Lankan leaders have promoted large-scale investments from China which has boosted Beijing's debt-trap diplomacy
 "Experts warn against China's debt-trap diplomacy, cite Sri Lanka's example")
Student debt can harm your cardiovascular health in early middle age
According to a new study, adults who do not repay college debt or take on new educational debt between young adulthood and early middle age are at increased risk of cardiovascular disease.
 "Student debt can harm your cardiovascular health in early middle age")
Sri Lanka's debt restructuring to impact bilateral loans: Chinese envoy
Debt-ridden Sri Lanka is grappling with an unprecedented economic turmoil since its independence from Britain in 1948
 "Sri Lanka's debt restructuring to impact bilateral loans: Chinese envoy")
China must be treated as equal Sri Lanka creditor: India to IMF, World Bank
"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."
 "China must be treated as equal Sri Lanka creditor: India to IMF, World Bank")
Future Enterprises defaults on Rs 1.22 cr interest payment for NCDs
The latest default is on the interest of securities issued for a sum of Rs 25 crore.
 "Future Enterprises defaults on Rs 1.22 cr interest payment for NCDs")
Debt quality index gains nearly three point to close FY22 at 92.24
The better show was largely driven by enhancements in rated debt of higher-rated entities and reduction in debt of a large defaulting NBFC on recast
 "Debt quality index gains nearly three point to close FY22 at 92.24")
Lanka oppn threatens no-confidence motion, industry warns of 'precipice'
President Gotabaya Rajapaksa is running his administration with only a handful of ministers after his entire cabinet resigned this week
 "Lanka oppn threatens no-confidence motion, industry warns of 'precipice'")
Global sovereign debt to rise almost 10% to new high in 2022: Report
Governments across the world have ramped up borrowing since the Covid-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout.
 "Global sovereign debt to rise almost 10% to new high in 2022: Report")
BS Number Wise: An emerging trend in EPFO's debt investments
Every investment category but one has seen a drop in its share: it's a move that is not without some risk
 "BS Number Wise: An emerging trend in EPFO's debt investments")
Refinancing debt more challenging for Vedanta Resources in tight market
While current capital market conditions have reduced Vedanta Resources' funding options, its strong underlying ops remain supportive of the company's ability to meet its immediate debt obligations
 "Refinancing debt more challenging for Vedanta Resources in tight market")
Banks to start debt recovery proceedings against Future Retail: Report
Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer's stores
 "Banks to start debt recovery proceedings against Future Retail: Report")
Macrotech arm Lodha prepays $170 mn debt out of total $225 million
Lodha Developers International Ltd, Mauritius has prepaid $170 million (approx. Rs 1,298 crore) of debt after recording better sales performances in its two projects in London.
 "Macrotech arm Lodha prepays $170 mn debt out of total $225 million")
Non-financial debt jumps 11.9% to Rs 371 trillion in Sept quarter: Report
However, this is lower than the previous fiscal, when it had touched 180.2 per cent of GDP after a three per cent contraction in the nominal GDP during FY21
 "Non-financial debt jumps 11.9% to Rs 371 trillion in Sept quarter: Report")
IL&FS resolves Rs 324-cr debt by selling stake in Warora Chandrapur Highway
Until recently, the board of debt-laden IL&FS had resolved Rs 52,000 crore worth of the debt of the group
 "IL&FS resolves Rs 324-cr debt by selling stake in Warora Chandrapur Highway")
Future Retail 'not in position' to make $471 mn payment as deadline nears
Future Retail Ltd. isn't in a position to make a payment on 35 billion rupees ($471 million) of past-due debt before the grace period expires
