The potential for a
debt swap could be a positive turnaround for the retailer based on its $1.75 billion in liquidity, the source told the news outlet.
Further details of the
debt swap mechanism will be available once the strategy is finalized.
German ambassador to Egypt, Julius Georg Luy said that Egypt and Germany have resumed negotiations on
debt swaps which were stopped due to some economic and political issues.
The
debt swap also helps fund other local conservation and climate-adaptation activities.
The
debt swap program involved nine projects, including the Bukidnon forest cover project.
Under the
debt swap operation, The Nature Conservancy funded a special purpose vehicle in the Seychelles called the Seychelles Conservation and Climate Adaptation Trust (SeyCCAT).
Pak-Italian
Debt Swap Agreement (PIDSA) will be completed by end of 2018, and the remaining debt will also be cancelled by the Italian government.
"We will issue 10-year bond -- $1 billion in new money and another $1 billion is for
debt swap," De Leon said in an interview.
Under individually negotiated
debt swap agreements, a creditor nation foregoes repayment of a loan when the beneficiary nation agrees to invest part or all of the freed-up resources into a Global Fund-supported program.
Summary: Lebanon's Central Bank said a planned $1.7 billion
debt swap between it and the Finance Ministry did not represent another round of the "financial engineering" it carried out in 2016 to boost foreign currency reserves.
THE NATIONAL government borrowed P27.7 billion in September, up 23 percent year-on-year, mainly on increased local borrowing as a result of the
debt swap conducted that month.
Yanis Varoufakis said Draghi, president of the European Central Bank, cannot risk irritating Germany with such a
debt swap because of Berlin's objection to his bond-buying programme.
