Argentina aims to restructure debt
Argentina is pushing creditors for more time to pay back its debts. The country is hemmed into a worsening crisis. President Macri laid out a series of desperate measures to try and lighten the country’s debt load. They will force investors into short-term notes, issued in the local market to accept longer maturities.
Draghi on deck
Bloomberg Real Yield focuses on global issues and events that directly affect debt markets: Bloomberg's Jonathan Ferro sat down with Lisa Hornby of Schroders, Gershon Distenfeld of AllianceBernstein and Invesco’s Noelle Corum to preview next week's market-moving events. Investors have turned their attention to Draghi's next move after mixed data from Europe points to the ECB changing its policy language.
Italy risks up to $4 Billion EU penalty over budget, debt
Francesco Galietti, founder and chief executive officer at Policy Sonar, and David Kohl, head of currency research at Julius Baer, discuss the results of the European elections and a possible disciplinary procedure by the European Commission over Italy's failure to reduce its debt.
Global debt on the rise, Africa hit hardest
Debt has been rising around the world and according to a new report, the trend is unlikely to stop anytime soon. Some African countries are so indebted that they don't even bother trying to service their debt anymore.
Daystar Power raises $10mn for west Africa expansion
Daystar Power says it recently closed a 10 million-dollar equity round and has lined up 16 million dollars in debt financing to accelerate its expansion in West Africa.
Nigeria’s senate warns against rising debt profile
Nigerian Senate Committee on Foreign and Local Debts has expressed worry over the rising foreign debt profile of the country and described the trend as very dangerous to the nation’s economy.
Oil marketers threat will create artificial scarcity, Senate warns Nigerian govt
Subsidy Debt: Oil marketers threat will create artificial scarcity, Senate warns Nigerian govt
Egypt finance minister on IMF Program, Reforms, Economy, Debt, Bond issuance
Egypt won't ask for further IMF funding next year, when its $12-billion dollars loan program expires. Finance Minister Mohamed Maait says the economy is now in better shape and he's working to reduce debt and gain investor confidence.
Nigeria to refinance $3bn worth of T-bills with dollar debt
In a bid to lower costs and improve Nigeria's debt position, the government announced plans to refinance 3 billion dollars’ worth of treasury bills denominated in local currency with dollar borrowing.
AMCON takes over properties in Lagos, Ogun over N4.68bn debt
AMCON takes over properties in Lagos, Ogun over N4.68bn debt.