A new type of court restructuring proceeding has been introduced in Poland as part of the COVID-19 crisis legislation: simplified restructuring proceedings available until June 2021, allowing the debtor to individually initiate the proceedings, said Karol Czepukojc and Pawel Dlugoborski, two counsels co-heading Baker McKenzie’s restructuring and insolvency practice in Poland.

Governments and regulators need to be investors' “best friend” as they face a new wave of non-performing loans, said panellists involved in NPLs in Europe, China, and globally on a webinar, The New Rise of NPLs - Strategies and Investment Opportunities in the Market, aired live yesterday (14 October) during Debtwire Week.

The COVID-19 crisis has hit the European NPL market. The first three quarters of 2020 have been the least active since 2015, with only EUR 39.2bn of deals completed across Europe, according to the new Debtwire European NPLs 3Q20 report presented at Debtwire Week.

The USD 500m debt of Istanbul Deniz Otobusleri (IDO), a Turkey-based ferry company, will be divided into two as a sustainable and unsustainable loan, which will be reinstated separately on the OpCo and MidCo levels, according to two sources familiar with the situation.

Securitisations of non-performing loans using state guarantee schemes in Italy and Greece have been the main tool European banks have used to dispose of NPLs so far this year, a Debtwire anaylsis shows.

Sales of non-performing loans (NPLs) hit a four-year low last year with EUR 67.7bn sold, according to the Debtwire European NPLs FY20 Report. Government supported disposals accounted for 60% of the total, the report found.

APAC Chart of the Week: 8th December 2020

APAC Chart of the Week: 25th November 2020

A new type of court restructuring proceeding has been introduced in Poland as part of the COVID-19 crisis legislation: simplified restructuring proceedings available until June 2021, allowing the debtor to individually initiate the proceedings, said Karol Czepukojc and Pawel Dlugoborski, two counsels co-heading Baker McKenzie’s restructuring and insolvency practice in Poland.

17th November 2020: APAC Chart of the week

Finanziaria International is arranging a EUR 185m real estate securitisation backed by two hotel properties in Porto Cervo, Sardinia, according to Enrico Meneghetti, CEO of asset manager Enma Capital. 

APAC Chart of the week: 11th November 2020

Governments and regulators need to be investors' “best friend” as they face a new wave of non-performing loans, said panellists involved in NPLs in Europe, China, and globally on a webinar, The New Rise of NPLs - Strategies and Investment Opportunities in the Market, aired live yesterday (14 October) during Debtwire Week.

The COVID-19 crisis has hit the European NPL market. The first three quarters of 2020 have been the least active since 2015, with only EUR 39.2bn of deals completed across Europe, according to the new Debtwire European NPLs 3Q20 report presented at Debtwire Week.

APAC Chart of the Week: 14th October 2020

US Chart of the Week: 14th October

European Chart of the Week: 14th October

European Chart of the Week: 14th October

It has been a week of new records, according to Todd Schubert, Head of Fixed Income Research at Bank of Singapore. The Arab Republic of Egypt’s USD 750m 5.25% 2025 green bond was both the first green sovereign issuance in the region as well as the world’s first high-yield green bond, Schubert explained.

Angola’s Eurobonds have been one of the most volatile since the advent of the coronavirus crisis. The oil exporter has been dealt a crushing three-way blow by the COVID-19 pandemic, as economic and health crises exacerbate the revenue loss from lower crude prices.

The USD 500m debt of Istanbul Deniz Otobusleri (IDO), a Turkey-based ferry company, will be divided into two as a sustainable and unsustainable loan, which will be reinstated separately on the OpCo and MidCo levels, according to two sources familiar with the situation.