Following Marblegate, and with markets remaining strong through much of 2018, borrowers have successfully executed debt exchanges to push off maturities and improve their balance sheets (e.g., Murray Energy's extension of its bond maturities through a discount exchange of existing secured notes for new, longer-dated notes with higher lien priority).
In this programme, funded by a World Bank IDA debt buyback and facilitated by the Debt-for-Development Coalition (a non-profit institution that executed debt-for-nature swaps on behalf of single NGOs), NGOs purchased Zambian debt at 11percentt and received a dollar-denominated note worth 16.5percentt.
Took advantage of perceived weakness in real estate market by executing complex debt trades, betting against ABX (mortgage) index.
Australia used the mechanism to execute a debt swap in Indonesia in 2010, canceling US$75 million of debt, with Indonesia investing US$35.5 million into health programs in the country.
The aluminum maker Alcoa rose 67 cents, to $19.84, after Prudential Securities raised its rating to buy from hold, saying "price appreciation can be expected as Alcoa begins to execute its debt- and cost-reduction programs".
The Federal Reserve required GMAC to raise $30.0 billion in capital to make the move, but the company's effort to execute a debt swap has not been successful to date.
General Motors said it did not get enough bondholder support to execute a debt-for-equity swap, which may be the final straw for the automaker with a June 1 restructuring deadline imposed by the Obama administration looming.
General Motors said it did not get enough bondholder support to execute a debt-for-equity swap, which may be the final straw for the automaker with a looming June 1 restructuring deadline imposed by the Obama administration.
Vodafone's share of the cash will go towards repaying debt and executing Colao's vision of transforming the company into a pay-TV and broadband company in Europe.
Yet after accumulating $3.6 billion in debt in executing one of the Internet's most ambitious expansion plans, PSINet has no plans to sell the naming rights to the football stadium where the Baltimore Ravens play.
