The debt restructuring at China’s Peking University Founder Group is set to be a test case for offshore bonds backed by keepwell agreements, a structure often favoured by many mainland borrowers. The outcome of the
International investment bank DC Advisory has hired Ajay Bijoor as a managing director in the firm's debt advisory and restructuring division.
Francisco Partners has held a final closing of three funds, two equity funds and one credit fund, with an aggregate $10 billion of capital. The three new funds are Francisco Partners VI LP with $7.45
Raymond James has added Andy Schwartz to its investment banking team as a managing director and co-head of its newly formed commercial and industrial services sector team. Mr. Schwartz has long been active in the
The high-end retailer is not liquidating, and expects to emerge from restructuring later this year.
In this round-up, Credit Suisse plans to increase its workforce in mainland China by 100% in five years, the central bank develops a new benchmark interest rate, and yet another US-listed Chinese firm comes under
HSBC might be in the middle of a big restructuring, but that isn’t stopping plans to develop mid-market M&A efforts in France, Germany and Asia as well as the UK, writes David Rothnie. The bank
Beijing Infrastructure Investment Co used a direct guarantee structure for its dollar bond return instead of a keepwell agreement, just days after keepwell deals sold by Peking University Founder Group were not recognised in a
HSBC revealed a big increase in credit loss provisions in its second quarter results on Monday, as it vowed to step up the pace of its strategy shift. In the investment bank, it was a
Chinese state-owned commodities trader Tewoo Group Co, which has been under financial pressure for more than a year, is facing a possible restructuring.
Europcar is one of the first large companies to restructure with a big state-backed Covid-19 rescue loan in its capital structure. But the planned scheme, proposed to creditors last week, leaves the guaranteed loan untouched,
Europcar is one of the first large companies to restructure with a big state-backed Covid-19 rescue loan in its capital structure. The planned scheme, proposed to creditors last week, leaves the guaranteed loan untouched, which
