ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message …
Read More »South Africa’s Edcon defers $110mn coupon payment
JOHANNESBURG / Reuters South African retailer Edcon has received support from its lenders to defer 1.6 billion rand ($110 million) of interest payments to December to boost its liquidity, it announced recently. Taken private in a highly leveraged buyout by Bain Capital in 2007, the country’s biggest clothing retailer said close to 80 percent of holders of a 2018 …
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