Zambia suffered a setback in its debt restructuring efforts as a revised deal to rework $3 billion of Eurobonds could not be implemented due to objections from official creditors. The initial deal struck with a group of bondholders in October did not offer comparable debt relief from bilateral as well as commercial lenders. The IMF approved a tweaked deal but official creditors rejected it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
ReutersAfrica » / 🏆 31. in ZA Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zambia announces debt restructuring agreement with bondholdersZambia's finance ministry said on Thursday it had reached an agreement in principle on debt restructuring terms with a creditor group holding its international bonds, a milestone in its drawn-out debt rework process.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Zambia announces debt restructuring agreement with bondholders - SABC News - Breaking news, special reports,Zambia said it had reached an agreement in principle on debt restructuring terms with bondholders
Source: SABC News Online - 🏆 32. / 51 Read more »
Zambia reaches agreement on debt restructuring terms with bondholdersImplementation of the agreement is hoped for the end of the year, says Zambia’s Ministry of Finance and National Planning.
Source: TheAfricaReport - 🏆 29. / 55 Read more »
China urges fair burden sharing in Zambia's debt restructuringChina calls on other creditors to share fair burden in Zambia's debt restructuring, as doubts are raised by the IMF and official creditors.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
WeWork’s bankruptcy caps swift downfall for $47bn standoutDespite sweeping debt restructuring deal in early 2023, the company quickly fell into trouble again.
Source: Moneyweb - 🏆 5. / 77 Read more »
WeWork Files for Bankruptcy After Failed Attempt to Make Flexible Workspaces ProfitableDespite sweeping debt restructuring deal in early 2023, the company quickly fell into trouble again.
Source: Moneyweb - 🏆 5. / 77 Read more »