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Repaid Debt News

INSIGHT-China pays high price to spare state firm from bankruptcy - Reuters

2012-05-20

INSIGHT-China pays high price to spare state firm from bankruptcy
Reuters
"It seems odd if the company is only repaying the CP but not the other debt," said Shi Lei, vice-director of fixed-income at Ping An Securities. Such bailouts reinforce the preferential access to credit enjoyed by state firms, which analysts say makes ...

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Jefferson County Can't Pay GO Bonds Without New Tax, Lawyer Says - Bloomberg

2012-05-18

Jefferson County Can't Pay GO Bonds Without New Tax, Lawyer Says
Bloomberg
Investors have long known the sewer debt probably won't be repaid in full, mainly because it is only backed by monthly sewer fees, and not guaranteed by county or state tax payers, Klee said. Up to now, the county had planned to fully repay about $205 ...

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S.Lanka Ports plans $1 bln bond sale to repay debt,build ports - Reuters

2012-05-04

S.Lanka Ports plans $1 bln bond sale to repay debt,build ports
Reuters
First bond in July, second later this year * HSBC already mandated; on the process of rating * Money to be used to repay yen-denominated loan, projects (Adds quotes, details) By Ranga Sirilal COLOMBO, May 4 (Reuters) - Sri Lanka's state-owned Ports ...

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Greece Deserves Credit, but Debt's an Issue - Wall Street Journal

2012-05-17

Wall Street Journal

Greece Deserves Credit, but Debt's an Issue
Wall Street Journal
The toughest question left is Greece's remaining debt, which will increasingly be held by euro-zone governments. The line from European officialdom is that Greece must repay this debt as foreseen by the bailout program. After all, Greece and its ...
Spain could be locked out of the markets, says Mariano RajoyTelegraph.co.uk
Greeks head to the polls again as multi-party talks fail to break political ...The Australian
Eurozone crisis live: Greece heads for make-or-break elections as talks failThe Guardian (blog)

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Jeff Salway: Avoid lure of payday loans trap - Scotland on Sunday

2012-05-19

Scotland on Sunday

Jeff Salway: Avoid lure of payday loans trap
Scotland on Sunday
Those unable to repay their loan face escalating charges that send them deeper into debt and further away from mainstream sources of finance. The problem is set to worsen as unemployment rises and UK economic growth continues to stagnate.

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Greece Make Repayment on 435 Million Euro Bond Coming Due Today - San Francisco Chronicle

2012-05-15

Bloomberg

Greece Make Repayment on 435 Million Euro Bond Coming Due Today
San Francisco Chronicle
May 15 (Bloomberg) -- Greece will repay the principle and interest on a 435 million euro bond due today that wasn't tendered into the country's debt restructuring, the Athens-based Finance Ministry said. The repayment does not prejudice future ...
The Value of Foreign Law in Investing: Greece Pays Out on English BondsForbes

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A repaid debt is best investment - The Star Democrat

2012-04-26

A repaid debt is best investment
The Star Democrat
But they're overlooking a fundamental financial principle: The best investment is a repaid debt. You're probably paying double-digit interest rates on your credit card bills, and every dollar you pay off now is a dollar saved in future finance charges.

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Greek repayment sets risky precedent - IFR Asia

2012-05-18

International Debt Observatory

Greek repayment sets risky precedent
IFR Asia
And certainly the developing political situation means other holdouts in the foreign law bonds still face a struggle to be repaid, particularly if Greece were to leave the euro – possibly triggering a moratorium on any international debt payments.
Greece already defaulted on the creditors' terms; what they fear is default on ...International Debt Observatory

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NC Chamber wants cuts in unemployment benefits - BlueRidgeNow.com

2012-05-16

NC Chamber wants cuts in unemployment benefits
BlueRidgeNow.com
AP North Carolina's main business lobby wants legislators who opened their annual session Wednesday to cut future unemployment benefits and issue taxpayer-backed bonds, a move it says would save employers money while closing a debt to the federal ...

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Greece to repay maturing debt: govt source - Ninemsn

2012-05-15

Greece to repay maturing debt: govt source
Ninemsn
Greece will repay 436 million euros ($A564 million) in maturing debt, covering private creditors who had refused to take part in a write-down under an EU-IMF bailout, a government source says. As part of the EU-IMF deal, private creditors accepted a ...

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Niehaus backpedals on repaid debts story

2012-05-06
Former ANC spokesperson Carl Niehaus denied saying he repaid all his debt but rather that he repaid some of it and made arrangements for the rest.

Debt-ridden Glens to get IFA loan

2012-05-18
Glentoran's cash flow crisis is expected to be eased by a loan from the Irish Football Association.

£9k fees 'to push debt up £100bn'

2012-05-18
A study suggests public sector debt will be pushed up by £100bn over next two decades by higher university fees.

Greece to repay maturing debt: govt source

2012-05-15
Private creditors who refused write-down will be repaid. 15 May 2012 8:59 AM

Never-say-die Niehaus: The lies keep coming

2012-05-06
Carl Niehaus's return to the national stage isn't going well: the ANC says it doesn't have a job for him, and his claims of repaid debts ring false.

Squeeze some savings out of your credit card

2012-05-14
By picking a card or deal that best suits your needs you can reduce the cost of credit card debt, writesFIONA REDDAN

UK's economic cheese and debt pickle: James Saft

2012-05-03
Pity poor Britain: their own currency to depreciate, their own central bank to print and buy government debt, and yet here we have the second recession in three years. Not only did GDP shrink by 0.2 percent ...

Payday loans trapping consumers in a downward spiral of debt

2012-05-18
A third of people experienced greater financial problems as a result of taking out a payday loan, according to Which?

Economic Update

2012-05-07
Interest in Dubai’s bond market is undergoing a revival, with enthusiasm tracking the steady rebound of the emirate’s economy. There are still some lingering concerns, however, over whether all bonds can be repaid on time or if another round of rescheduling will be required.

Greece 'will repay €436m debt today'

2012-05-15
Greece will repay €436m in maturing debt on Tuesday, covering private creditors who had refused to take part in an unprecedented write-down under an EU-IMF bailout, a government source told AFP.