Asset Management Bonds Debt
Brazilian meat company repurchases close to a quarter of its dollar- and euro-denominated notes that mature between 2022 and 2024
Investors face a haircut of 35% to 65% from the Mexican hotel operator's 2022 bonds, Moody's says
Bonds Asset Management Debt
New proposal outlines possible 10% haircut and more than $15 bln in cash flow relief
Asset Management Debt Bonds
World's largest meat producer says retiring debt will cut annual interest expense by $53 million
Bondholders commends Ecuador's "constructive" path, but terms need improvement
Asset Management Chile Colombia
Bank cites non-cash impairment of $930 million and economic downturn related to COVID-19 pandemic for likely inability to pay dividends in 2020.
Colombia Brazil Mexico
Chilean airline filed for Chapter 11 earlier this year, presented second DIP financing proposal to US court
Lipper data shows US-based funds' AUM up 3.2% in the week ended July 8
Two creditor groups say latest proposal falls short, but basis for further talks; some creditors have accepted the deal.
Latest offer had sweeteners but creditors say does not reflect payment capacity
Crude oil pipeline operator looks to make benchmark-sized offer for intermediate tenor debt
Bonds Debt Capital Markets
Issuers are encouraged by investor appetite in a market with high liquidity and low interest rates, sources say
Holders of 83% of the sovereign issuer's 2023 notes give the country a year if it gets a loan from the IMF
Lipper data shows US-based funds' AUM rise about 1% in the week ended June 24
Mexican hotel operator says it needs to hold on to cash to make it through the COVID-19 pandemic