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Govt finalises norms for discoms' debt recast; extends deadline
The Centre today said the bonds to be issued by states, backed by it under the debt recast plan for power distribution utilities, will attract about 0.5 percent premium over the issue price, yet to be determined. #Power #Debt restructuring #PolicyWatch #Bonds #discoms
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Suzlon surges 9% after co admits to debt restructure process
Shares of Wind turbine maker Suzlon Energy surged 9 percent after the company has admitted to debt restructuring process. #Suzlon #StockWatch #Corporate debt #Debt Restructure
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More than 100 cos referred to debt recast cell in 2012
A total of 101 cases have been referred for Corporate Debt Restructuring (CDR) in 2012 as on September 30, involving a collective debt amount of close to Rs 64,000 crore, as per the data available with the CDR cell of bankers. #Numbers #Banks #Corporate Debt Restructuring #CDR
Wire
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Guardian Unlimited
Pakistan's new government must put development before debt repayment | Nick Dearden
While the pummelling of northern Pakistan by unmanned US drones continues to fan the flames of extremism, the debt crisis provides the public with further evidence that their lives are expendable. In a country where 50 million people live below the pover #Pakistan #International Monetary Fund #World Bank
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Khaleej Times
DIB rises on restructuring progress
(UAE STOCK MARKETS) / 14 May 2013 Dubai Islamic Bank gained the most in more than a week as progress on corporate debt restructuring boosts the outlook of lenders in the emirate. Dubai Islamic added 2.4 per cent, the biggest advance since May 5, to Dh2.9 #Dubai #Commercial Bank #Bloomberg
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Asbury Park Press
Atlantic City's Revel casino exits bankruptcy court
ATLANTIC CITY — Just over a year after it opened, Atlantic Citys newest casino has gone into bankruptcy and gotten out of it, ready to start again. Revel formally completed a Chapter 11 restructuring Tuesday that saw it wipe away $1.2 billion of its $1.5 #Morgan Stanley #Trump Entertainment Resorts Inc




