Ukrainian state banks are expected to finally step up this year the sale of their voluminous non-performing loan (NPL) portfolios, which make up 45.5%-73.5% of the total loan books of the country’s top three banks, Oschadbank and Ukreximbank and PrivatBank, according to several banking sector experts and lawyers.

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.

With just over a month to go before the Thanksgiving holiday brings markets to an unofficial close, hopes for a flurry of activity in the Middle East sukuk market are muted.

Ukrainian state banks are expected to finally step up this year the sale of their voluminous non-performing loan (NPL) portfolios, which make up 45.5%-73.5% of the total loan books of the country’s top three banks, Oschadbank and Ukreximbank and PrivatBank, according to several banking sector experts and lawyers.

During 2021 there is likely to be an increase in company restructurings in South Africa.

The Government of Cameroon’s debt metrics have come to the fore as it gears up to negotiate a new IMF-funded programme, market participants said.

APAC Chart of the Week: 24th January 2020

The Coordination Council of Belarus, recognised by the EU and the US as a body facilitating the peaceful transition of power in the country, has sent statements to international financial institutions warning that the proceeds of the country’s latest USD 1.25bn Eurobonds might have been used to fund state repressions and that the current government lacks the authority to raise further funding, according to documents seen by Debtwire.

APAC Chart of the Week: 3rd February 2021

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.