Debt

Kenya settled the balance of $560 million (Sh72 billion) of 2014 Eurobonds using part of the proceeds from a $1.2 billion World Bank loan, the Central Bank of Kenya said. The debt, which was due on June 14, was settled on Friday, along…

The National Assembly directed the Treasury to appoint a new director general for the public debt management unit within 60 days amid secrecy over the hiring process that began in January. The Treasury and the Public Service Commission,…

Written by Rodrigo Campos NEW YORK (Reuters) - Ukraine has suffered a setback in its quest to complete the outlines of a debt restructuring before a two-year payment freeze agreed to by private holders of about $20 billion in Eurobonds…

“Can I live off my paycheck if I don't have any credit card payments to worry about?” (Subject image model). -Getty ImagesDear Quentin,I do not live extravagantly by any means.I have $68,000 in credit card debt on four cards, and…

A federal judge on Friday ordered the liquidation Conspiracy theorist Alex Jones "personal assets but dismissed his company's separate bankruptcy case, leaving the future of his media platform Infowars uncertain as he owes $1.5…

The Treasury has intensified its pressure on Parliament to adopt punitive tax measures contained in the draft finance bill, saying it will help narrow Kenya's budget deficit and reduce the desire to borrow. Principal Treasurer…

The Nairobi City Water and Sewerage Company (NCWSC) has been given the green light by the Nairobi County Government to avail a Sh2.17 billion long-term business loan to settle outstanding pension debts and avoid mounting penalties.…

Kenya has cut its planned borrowing from the International Monetary Fund by 7.2 percent to 465.4 billion shillings ($3.6 billion) after a partial repayment of its first eurobond spooked global investors. This comes weeks after the size…

Virtu Financial announced that it is seeking $500 million in financing to restructure primary debt. According to the company, the first lien notes are intended to improve Virtu Financial's financial position by repaying existing debt…

Investing.com - Brazilian pulp and paper giant Suzano (BCBA:) is reportedly looking to raise up to $19 billion in debt to acquire International Paper (NYSE:), according to Bloomberg. Jefferies analysts expect a potential all-cash offer for…