The retailer's creditors are reportedly seeking a possible debt swap
that could potentially keep the company from filing for bankruptcy.
Penney (JCP) creditors are pushing for discussions on a potential debt swap
that would give the company's new managers more time to turn the struggling retailer around, Bloomberg's Allison McNeely, Katherine Doherty, and Claire Boston report.
A policy meeting was chaired by the Adviser Malik Amin Aslam in order to devise a mechanism for debt swap
with potential countries, a press release said.
Luy told Daily News Egypt that the value of the debt swap
reached e1/4240m, elaborating that the programme had been in place between the two countries but had been suspended due to economic conditions and that both parties were seeking to resume the programme.
The protection project has been funded by a groundbreaking agreement called Debt Swap
for Ocean Conservation and Climate Adaptation.
The Italian government has found 'notable' the forest cover project implemented at the Xavier Science Foundation in Bukidnon as it also extended for another two years the debt swap
development program it had sealed with the Philippine government signed in 2012.
The key takeaways were that the the US$ 5.5 billion debt swap
carried out earlier this year potentially pre-finances Eurobond maturities up to and including those of April 2019.
'One practical way to deal with this would be a debt swap
where we net off.
This is the world's first debt swap
aimed at ocean conservation and climate resiliency and it has reduced the Seychelles' debt position.
Amman, Feb.24 (Petra) -- Finance Minister Omar Malhas, and France's Ambassador to Jordan, David Bertolotti, discussed Saturday ways of joint cooperation and the French Debt Swap
Agreement in exchange for development projects signed in 1999 between the two countries.
Meanwhile, Italy had previously cancelled debt amounting to Rs 6.4 billion (pound 64 million) and is expected to cancel the rest at the completion of Pak-Italian Debt Swap
Agreement (PIDSA) by end of 2018.
De Leon said the government will sell $2 billion worth of bonds, proceeds of which, will be used for budgetary support of the national government and debt swap