Distressed securities
The International Finance Corporation (IFC) – the private-sector financing arm of the World Bank – has launched the Debt and Asset Recovery Programme (Darp), an initiative to free-up credit flows in middle-income and developing economies by purchasing distressed assets and restructuring...
A plan to restructure C$32 billion of non-bank Canadian asset-backed commercial paper into long-term notes hinged on the backing of 1,800 retail investors. However, a solution that will see most individual...
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