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Private Debt

APAC private capital fundraising hits five-year low: Preqin report

Updated On: 31 Oct 2024 | 5:19 PM IST

Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa. Chairman Romeo Lacher expressed regret during a presentation Thursday on the bank's 2023 results, saying management had not been a good steward of our firm but that the troubles were a single credit event and other parts of the company were performing well. Zurich-based Julius Baer said it was exiting the private debt business and the annual results reflected net credit losses of 606 million Swiss francs (about USD 702 million) 586 million francs of which included a loan-loss allowance for unspecified private debt exposure. CEO Philipp Rickenbacher said in a statement that he and the board agreed it is in the best interest of the company for me to step down and that the measures taken on the private debt business pave the way to move forward and .

Updated On: 01 Feb 2024 | 5:14 PM IST

The Supreme Court on Thursday upheld certain key provisions of the Insolvency and Bankruptcy Code (IBC) amid the claim of several petitioners that that they are violative of fundamental rights like the right to equality of those against whom insolvency proceedings are initiated. A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra decided as many as 391 petitions challenging various provisions of the IBC. Many pleas challenged the constitutional validity of sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6) and 100 of the Code. These provisions deal with the various stages of insolvency proceedings against a defaulting firm or individuals. Upholding the provisions to be constitutionally valid, the bench held that they did not suffer from arbitrariness as contended. "The IBC cannot be held to be operating in a retroactive manner in order to hold it violative of the Constitution. Thus, we hold that the statute does not suffer from

Updated On: 09 Nov 2023 | 2:24 PM IST

A growing list of global asset managers are setting up credit funds in India as they look to fill the funding gap, which was created after a shadow banking crisis spooked India's financial sector

Updated On: 18 Aug 2023 | 12:55 PM IST

The company has repaid outstanding principal of Rs 121.78 crore to the bank, is in talks with other lenders for debt resolution plan

Updated On: 12 Sep 2022 | 8:25 PM IST

Navi Finserv debt bond got listed on Friday following 1.65 times subscription of the base issue of Rs 300 crore, the company said. The issue which closed on June 2, eight days ahead of schedule, received total bids worth Rs 495.72 crore which was about 65 per cent higher than the base issue. The fintech firm's secured, rated, listed and redeemable Non-Convertible Debentures (NCDs) had a total value of Rs 600 crore, including the greenshoe option of Rs 300 crore. The maximum bid for the Navi Finserv (NFS) issue came from Qualified Institutional Buyers (QIB) followed by HNIs (High Net-worth Individuals) and retail investors. "It's great to see the response to our maiden public NCD issuance from both retail and institutional investors. Our goal was to diversify our borrowing profile, and with more than 5,000 retail and HNI investors participating in the issue, the market has shown its confidence in our company's strong fundamentals and robust business model," NFS chairman and CEO Sach

Updated On: 10 Jun 2022 | 11:02 PM IST

Private debt means debt given to privately held companies or buying those loans in the secondary market

Updated On: 15 Mar 2021 | 6:10 AM IST

So far, the syringes were being supplied by the state government

Updated On: 04 Mar 2021 | 8:24 AM IST

The companies with high promoter pledging also saw a sharp fall in their share prices; market experts say companies with high pledging have seen sharp selling

Updated On: 22 May 2020 | 1:31 AM IST

The desire to enter the private debt space in India comes when there is an acute fund crunch in real estate and among non-banking financial companies

Updated On: 07 Aug 2019 | 10:52 PM IST

The top three borrowers in the world are the United States, China and Japan

Updated On: 21 May 2018 | 12:39 AM IST