Debt Management News Archive

23-Apr-2009

 

  • U.S. Raises Offer to Restructure Chrysler?s Debt (New York Times)
    The Treasury Department has sweetened the terms of its offer to Chrysler ?s senior lenders on how to reduce the company?s debt with a new offer, a person with knowledge of the matter said Wednesday.


  • Africa: Finance Ministers Discuss Managing Debt in Times of Economic Crisis (AllAfrica.com)
    Finance ministers from low income African and Caribbean regions are meeting in Washington DC today 22 April 2009 to compare notes on how to deal with the impact of the economic slowdown on their people and ensure that never again will their populations have to labour under unpayable debt.


  • Treasury Said to Ask Chrysler Banks to Cut Debt to $1.5 Billion (Bloomberg)
    April 23 (Bloomberg) -- The U.S. Treasury asked Chrysler LLC?s secured lenders to reduce their debt to $1.5 billion from $6.9 billion in exchange for a 5 percent equity stake in the automaker, a person familiar with the negotiations said.


  • Britain plans record debt issuance (The Globe and Mail)
    Will sell a ?staggering' $395-billion in gilts, Debt Management Office says, more than four times average of past decade


  • Debt Issuance is a Rapidly Growing Problem (GoldSeek.com)
    On Wednesday the UK's Debt Management Office (DMO) announced they would be issuing a whopping £220 bln ($319 bln) in gilts this fiscal year. That's a 50% increase from the £146.4 billion borrowed in the fiscal year ended 31-Mar, and well above the £180 bln the market was expecting.


  • Legislation would set rules for debt management services (Hibbing Daily Tribune)
    If you find yourself floundering in debt because of a job loss, unexpected medical expense or garden-variety unwise purchases, a broadcast ad that promises a way to pay off your debt at between 10 and 50 cents on the dollar owed might sound like a godsend.



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