Argentina will pay $4.3 billion to bondholders, meeting the crucial deadline

Argentina’s government has paid $4.3 billion to holders of its government bonds, an Economy Ministry source said on Friday. This met the January 9 deadline in a move aimed at restoring investor confidence and regaining access to international capital markets. The payment, which covered both principal and interest, was made by the central bank despite […]

Debt Collection in Canada: What Debt Collection Agencies Can and Can’t Do – MoneySense

Debt collection agencies are obliged to follow certain rules about how they make contact and what information they can request; However, many Canadians are unsure where the line is drawn between legal collection practices and harassment. Knowing these rules and what rights you have can turn a stressful situation into something you can handle with […]

Vedanta Resources raises $500 million through bond issuance; use the proceeds to pay off short-term debt

Anil Agarwal-led Vedanta Resources Ltd (VRL) raised $500 million through bonds in October and will use the proceeds to repay short-term liabilities. According to the letter to bondholders, the company stated that “the average maturity of its debt portfolio is now well over four years, and it has reduced its weighted average interest expense to […]