Debt Management News Archive

19-Jan-2009

 

  • Australia's Wesfarmers near deal to refinance debt (The Forex Market)
    SYDNEY, Jan 19 (Reuters) - Coal-to-groceries conglomerate Wesfarmers Ltd is close to a deal to refinance A$7 billion ($4.7 billion) in debt due over the next two years, the Australian Financial Review said on Monday.


  • South Korea Dec debt default ratio at 7-mth high (The Forex Market)
    SEOUL, Jan 19 (Reuters) - South Korea's overall debt default ratio rose to a seven-month high in December, while the ratio of business start-ups to failures hovered near a 4-year low, central bank data showed on Monday.


  • Nigeria: External Debt Hits 4 Billion Dollars - Presidency (AllAfrica.com)
    Abuja ? The federal government has expressed fears over the current position of the country's external debt stock which according to its estimate has risen to $3.76bn US dollars.


  • Bioton seeks $32 mln to roll debt,investment-source (The Forex Market)
    WARSAW, Jan 19 (Reuters) - Polish insulin maker Bioton seeks around 100 million zlotys ($32 million) from a planned rights issue and restructuring to help roll over its short-term debt and finance pending investments, a source said.


  • FREE FINANCIAL CONFERENCE GIVING AWAY 500 BOOKS: 'The Zero Debt Tour' arrives in Ontario, California January 27. (Eurweb)
    Would you like to be debt free? Then come to "The Zero Debt Tour" headed by Lynnette Khalfani-Cox, The Money Coach, which is offering a free financial workshop and free books on Tuesday, January 27, 2009 at 7:00 p.m. - 9:00 p.m. at Mt. Zion Baptist Church, 224 W. California Street (Ontario, CA).


  • DEALTALK-Indonesia's Bakrie debt, M&A deals raise questions (The Forex Market)
    JAKARTA/SINGAPORE, Jan 19 (Reuters) - Indonesia's Bakrie group appears to have links to one of the funds involved in its $1.2 billion debt restructuring last month, reigniting questions about disclosure and corporate governance in one of Asia's most corrupt economies.


  • S&P cuts Spain's debt rating on policy worries (The Forex Market)
    MADRID, Jan 19 (Reuters) - Standard & Poor's on Monday cut Spain's sovereign debt rating, saying government policy may be insufficient to counter a severe deterioration in public finances and the worst recession in half a century.


  • Heavy debt fells Broadstripe (BizJournals)
    Broadstripe LLC, a Chesterfield-based cable television provider that appeared poised to grow in leaps and bounds two years ago, was brought to a screeching halt by more than $650 million in debt, a failed acquisition and an inability to close a deal to sell one of its cable systems.


  • 2008 M&A Activity in the Debt Collection and Accounts Receivable Management Industry Exceeds $2 Billion, Surpassing 07 ... (Business Wire via Yahoo! Finance)
    ROCKVILLE, Md.----The total deal value for mergers and acquisitions in the debt collection / accounts receivable management industry for 2008 ended up at just over $2 billion, exceeding 2007?s $1.7 billion total, according to Kaulkin Ginsberg, the leading M&A and strategic advisor to the industry. 36 deals closed in 2008, compared to 50 transactions in 2007.


  • Bay National to postpone paying about $600K in debt interest due (BizJournals)
    After four consecutive quarters of losses, Bay National Corp. is deferring interest payments on $8 million of its debt to conserve cash.



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