European Chart of the Week: 12th August 2019

The Dubai International Financial Centre (DIFC) enacted its new Insolvency Law on 30 May, introducing internationally utilised insolvency and restructuring tools to offshore DIFC jurisdiction.

Vostochny Bank’s (Orient Express Bank) partial sale of its retail loan portfolio might not raise sufficient funds to comply with the central bank regulations and shareholder support is likely to be necessary to bolster its capital, agreed five sources polled by Debtwire. The Russia-based private bank needs to boost its capital levels by end-August to avoid a mandatory conversion of subordinated debt into equity or its principal write-down.

With few signs that a financial fix for Turkey’s debt-laden energy sector – proposed by the government earlier this year – is any closer to materialising, concern is mounting that not enough is being done to achieve an urgently needed operational turnaround in the industry, several market participants told Debtwire.

Uzbekneftegaz’s debut Eurobond is likely to come to market in the latter half of 2020, according to two sources familiar with the company.

NPL Chart of the Week: 05 August 2019

European Chart of the Week: 5th August 2019

An omnibus bill entered into force in Turkey last week, introducing long-awaited additional provisions to the country's Banking Law aimed at solving a number of technical and practical hurdles to debt restructurings.

European Chart of the Week: 29nd July 2019

Take one day out of the office to attend our Leveraged Finance event at Debtwire Week (17 October) and get up-to-date on all the risks and opportunities in the European market. 

European Chart of the Week: 22nd July 2019

We’ve selected the hottest topics to explore at the forthcoming NPL event on 16 October, taking place during Debtwire Week. 

NPL Chart of the Week: 19 July 2019