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Cineworld Group Plc, a UK-based movie theater chain, is working with Barclays Plc and Deutsche Bank AG to refinance its debt and lower funding costs. The company is seeking to replace approximately $1.8 billion of bankruptcy exit financing debt due in 2028. Cineworld was taken over by creditors in August of the previous year and filed for Chapter 11 in 2022 to reduce its debt and renegotiate leases with US landlords due to Covid-related closures. The company has also faced challenges due to strikes by screenwriters and actors in 2023, resulting in a reduction in new film releases. [Extracted from the article]

Global Aircraft Leasing Co. has raised $1.1 billion in the junk-bond market to refinance debt that is due next month. The senior secured bonds have a unique three-year structure and can be repaid after one-and-a-half years. The bonds were priced at a yield of 8.75%, lower than earlier discussions. The proceeds, along with $990 million of shareholder equity, will be used to refinance senior toggle notes that mature in September. Global Aircraft Leasing is a unit of Beijing-based Bohai Leasing Co. [Extracted from the article]

Global Aircraft Leasing Co. has raised $1.1 billion in the junk-bond market to refinance debt that is due next month. The senior secured bonds have a unique three-year structure and can be repaid after one-and-a-half years. The bonds were priced at a yield of 8.75%, lower than earlier discussions. The proceeds, along with $990 million of shareholder equity, will be used to refinance senior toggle notes that mature in September. Global Aircraft Leasing is a unit of Beijing-based Bohai Leasing Co. [Extracted from the article]

Global Aircraft Leasing Co. plans to raise $1.1 billion in the junk-bond market to refinance debt that is due next month. The proposed bonds have a unique three-year structure and can be repaid after one-and-a-half years. The sale is being managed by Morgan Stanley, and initial price discussions suggest an interest rate of around 9%. The proceeds from the sale, along with additional shareholder equity, will be used to refinance payment-in-kind toggle notes that mature in September. Global Aircraft Leasing Co. is a subsidiary of Beijing-based Bohai Leasing Co. and owns a stake in Avolon Holdings Ltd., one of the world's largest aircraft leasing companies. [Extracted from the article]

Wall Street banks, including JPMorgan Chase, are exploring the use of payment-in-kind (PIK) debt in the leveraged loan market. PIK debt allows cash-strapped borrowers to pay their interest bills with additional debt, providing them with some relief in the face of higher borrowing costs. While PIK debt can help struggling firms preserve cash reserves, it comes with the trade-off of higher debt payments in the future. However, the use of PIK debt in the leveraged loan market has been limited due to the preferences of collateralized loan obligations, the main buyers of leveraged debt. [Extracted from the article]

African countries are facing a scarcity of dollars, leading to a divide among investors. Governments are resorting to bartering, currency devaluations, exchange controls, and assistance from the IMF and Middle East to address the shortage. Investors are favoring countries that can ensure access to dollars for investment and repatriation of returns, while avoiding those without sufficient reserves. African currencies have been the worst performers this year, with several declining by at least 15% against the dollar. The dollar shortage is also impacting consumers and local businesses, causing import costs to rise and fueling inflation. [Extracted from the article]

African countries are facing a scarcity of dollars, leading to a divide among investors. Governments are resorting to bartering, currency devaluations, exchange controls, and assistance from the IMF and Middle East to address the shortage. Investors are favoring countries that can ensure access to dollars for investment and repatriation of returns, while avoiding those without sufficient reserves. African currencies have been the worst performers this year, with several declining by at least 15% against the dollar. The dollar shortage is also impacting consumers and local businesses, causing import costs to rise and fueling inflation. [Extracted from the article]

African countries are facing a scarcity of dollars, leading to a divide among investors. Governments are resorting to bartering, currency devaluations, exchange controls, and assistance from the IMF and Middle East to stabilize their finances. Investors are favoring countries that can ensure access to dollars for investment and repatriation of returns, while avoiding those without sufficient reserves. African currencies have been the worst performers this year, with several declining by at least 15% against the dollar. The dollar shortage is also impacting consumers and local businesses, causing import costs to rise and fueling inflation. [Extracted from the article]

(Bloomberg) -- Egypt wants to keep buying tea from Kenya - it just doesn't want to use up its stash of US dollars, so the country is offering to barter instead. Read more: Pakistan, Egypt Tea Drinkers Reduce Demand for Kenyan Exports President William Ruto dispatched his agriculture minister to negotiate a similar barter arrangement with Pakistan, Ndung'u said. [Extracted from the article]

Read more: Pakistan, Egypt Tea Drinkers Reduce Demand for Kenyan Exports Tea and horticultural produce are Kenya's biggest sources of foreign currency after remittances. (Bloomberg) -- Egypt has asked Kenya to barter its tea for anything produced in the North African nation as a dollar shortage hurts many countries' ability to pay for imports. [Extracted from the article]

(Bloomberg) -- Private credit funds competing with banks to finance Carlyle Group Inc.'s potential buyout of some units of Medtronic Plc have offered a partial payment-in-kind feature in an effort to win the deal, according to people with knowledge of the matter. It's currently difficult for banks to raise such debt in the high-yield bond or leveraged loan markets, and private equity firms have increasingly tapped private lenders for PIK debt to soften their companies' interest burden. [Extracted from the article]

(Bloomberg) -- For Taylor Swift fans, 52 concerts in massive football stadiums were never going to be enough to satisfy their pent-up demand to watch the superstar perform live for the first time since 2018. The strong consumer demand for goods and services, combined with an acceleration in inflation, could keep Fed officials tilted toward raising interest rates further in their crusade to tame inflation. Taylor Swift Costumes are on Exhibit in New York City Swifties also offer important lessons on consumer resilience, something the US Federal Reserve has had to absorb over and over as it tries to cool the economy with 10 successive interest-rate increases in a little over a year. [Extracted from the article]

A 2021 Oxford Economics study commissioned by Ticketmaster's parent company, Live Nation Inc., found that for every $100 an out-of-town fan spent on a concert ticket, the local economy benefited from an additional $334 in consumer spending. (Bloomberg) -- For Taylor Swift fans, 52 concerts in massive football stadiums were never going to be enough to satisfy their pent-up demand to watch the superstar perform live for the first time since 2018. [Extracted from the article]

Ghana's government reached a "tentative" agreement with the Dubai-based oil firm, Kabiru Mahama, an economic adviser to Vice President Mahamudu Bawumia, said on Friday. (Bloomberg) -- Emirates National Oil Co. denied a senior Ghanaian official's claim that the company is in talks about supplying the West African nation with fuel in return for gold. [Extracted from the article]

The weakening cedi is fueling inflation and depleting the nation's foreign-exchange reserves. (Bloomberg) -- Ghana is in talks with Emirates National Oil Co. for a barter arrangement that will enable the West African nation to buy fuel with gold. [Extracted from the article]

Amanda Wu, a Shanghai-based investment manager with a 12-month-old baby, recently traded three cannisters of infant formula she'd purchased before the lockdown to a neighbor for vegetables and yogurt. (Bloomberg) -- For many of Shanghai's 25 million residents, the city's strict Covid lockdown has made procuring food and daily necessities a struggle money can't resolve. [Extracted from the article]

Pakistan's Energy Crunch Spurs "Barter" Trade for Afghani Coal (Bloomberg) -- Cash-strapped Pakistan can't afford to buy fuel on the spot market and is either skipping purchases or turning to alternatives such as Afghani coal as it grapples with a worsening energy crisis. Cement manufacturers, meanwhile, are buying coal from Afghanistan at roughly half the price of shipments from regular supplier South Africa. [Extracted from the article]

"The flow of cash for supplied products has stopped; even purchased grain was not paid for", Chief Executive Officer Viktor Ivanchyk said in an interview from Kyiv, where he's still working at the headquarters of the sugar, grains and milk producer. (Bloomberg) -- Astarta Holding NV, one of Ukraine's biggest agriculture exporters, faces a cash crunch so severe it's now using barter after Russia's invasion cut off access to ports and left warehouses and equipment destroyed. [Extracted from the article]

Small and midsized businesses, whose cash trade has dried up from the economic fallout of shelter-in-place orders, are turning to online barter exchanges. "When cash is extra tight, it behooves us to buy as much as possible on trade", said David Yusen, director of business development for Seattle-based Heavy Restaurant Group, which recently bought 56 cases of Malbec wine for $15,000 worth of barter credits. The International Reciprocal Trade Association represents 100 barter exchanges, each catering to thousands of businesses. [Extracted from the article]

(Bloomberg) -- Malaysia's prime minister floated the idea of a barter system for Islamic countries to protect their economies against potential future sanctions, Reuters reported. Malaysia, Iran, Turkey and Qatar discussed setting up a barter system or using gold to trade among themselves, Mahathir said, according to Reuters. [Extracted from the article]

(Bloomberg) -- Ukraine and Russia said they're making headway in a long-anticipated prisoner swap, in what may be an initial step toward renewed efforts to resolve the conflict between the neighboring states. Sentsov, 43, was transferred from a penal colony in Russia's Arctic region to a detention center in the Russian capital as part of preparations for a swap, Interfax reported Thursday. [Extracted from the article]

(Bloomberg) -- Ukraine said a prisoner swap with Russia is taking place but cautioned that officials have not completed the exchange yet. Sentsov, 43, was transferred from a penal colony in Russia's Arctic region to a detention center in the Russian capital as part of preparations for a swap, the Interfax news service reported Thursday. [Extracted from the article]

(Bloomberg) -- A Ukrainian filmmaker imprisoned in Russia for more than five years has been moved to Moscow, the Interfax news service reported Thursday, in the latest sign of a possible exchange of prisoners between the two countries. Russia and Ukraine may swap 33 prisoners from each side, RBC news website reported last week, citing unidentified people close to the discussions. [Extracted from the article]

(Bloomberg) -- Investment banks are offering a fresh way to profit from a U.S. yield curve flashing renewed warnings of recession. The Treasury curve has generally tended to steepen amid Fed easing cycles, as shorter-dated maturities are more sensitive to the decline in policy rates than longer-term debt. As short-term rates fall, buyer interest will migrate to intermediate and longer-dated Treasuries as investors seek to avoid increasingly paltry returns, he said. [Extracted from the article]

(Bloomberg) -- Complex instruments used by hedge funds to bet on borrowers going bust and linked to "extremely immoral actions" by the Vatican, can actually improve the health of financial markets, according to Bank of England staff. Investors with active CDS contracts on a particular firm have 60% higher buy volumes in the issuer's bonds than non-CDS counterparties, according to the research. [Extracted from the article]

(Bloomberg) -- Bracing for a future with less-polluting fuels, Indian oil refiner Hindustan Petroleum Corp is planning a pilot program for swapping batteries of electric two- and three-wheelers at its outlets by December, according to people familiar with the matter. The speed of adaption of electric vehicles and consumers' changing fuel preferences may be a risk to the motor fuel business, HPCL said in its annual report. [Extracted from the article]

China said to offer to buy $25 billion more in U.S. goods U.S. said to be finalizing deal to help revive China's ZTE. [Extracted from the article]

Bonds that allow issuers to defer interest payments are nosediving less than a week after they were sold amid a sell-off of fixed-income assets. Ardagh Group SA's 845 million euros ($948 million) payment-in-kind toggle notes due September 2023 are indicated at 95.5 cents on the euro, down 4.5 cents from when the Luxembourg-headquartered packaging company sold them on Wednesday, according to data compiled by Bloomberg. [Extracted from the article]

Persian state offering to swap crude cargoes for fuel imports Barter deals avoid the need to access bank finance for as long as many lenders remain unwilling to issue letters of credit for Iran-linked trades, the three NIOC officials said. [Extracted from the article]

The article focuses on the issues concerning junk bonds in the U.S. The increase in the sale of junk debt to 294 bullion dollars in 2012 is highlighted. The impact of the junk sales boom on the payment-in-kind transactions, also known as PIK toggles, is outlined. According to a data from Bloomberg LP, the number of options on high yield corporate bond funds (HYG) have doubled in October 2012.

The article offers information on Alex Rovt, the Fertilizer Baron of Manhattan, New York. It mentions that Rovt and his family members given more than 800,000 dollars to federal and state campaign committees, focused on city council and the state legislature. According to Ray Hannigan, attorney Rov was fed up with the business of fertilizer trade.

The article focuses on Alex Rovt, New York businessman who deals in fertilizers. It states that Rovt bought Bankers Trust Building, from businessman Joshua Zamir, who was unable to pay 325 million dollars debt he had due to purchase of the building. Rovt mentions that he invests money for long and since he structures real estate business differently, he doesn't take mortgages. It highlights that he is a trustee of the John Jay College of Criminal Justice.

The article offers information on the acquisition of Bankers Trust Building by billionaire Alex Rovt in New York State. Rovt acquired it from Joshua Zamir. Zamir had purchased Bankers Trust Building with the intention of earning profits by attracting high-paying tenants. However, his plans failed pushing him under a huge loan. Rovt's purchase of Bankers Trust Building took media by surprise.

The article offers information on the acquisition of Bankers Trust Building by billionaire Alex Rovt in New York State. Rovt acquired it from businessman Joshua Zamir. Zamir had purchased Bankers Trust Building paying 325 million dollar with the plans of earning profits by attracting high-paying tenants. However, he failed to do that.

An interview with chief executive officer (CEO) of International Monetary Systems Ltd., John Strabley, is presented. When asked why barter system is not highly popular, he replied that the main obstacle behind its success is the ignorance of its meaning, which is allowing payments for goods in trade dollars. He elaborates the process of conducting business through barter system and mentions the businesses which can take advantage of this system.

The article focuses on the rise in barter system of business in different sectors in the U.S.. Toronto, Ontario-based financial planner Shannon Simmons, offered her services in exchange of tutorial classes in butter-churning, a large bag of toiletries and a chance to perform with the University of Toronto cheerleaders. It is found that around 12 billion dollars of goods and services are traded every year without any currency changing hands.

The article offers information on the growing trend of organizing festivals where artists barter work for medical attention. It discusses how group of artists and physicians in the Hudson Valley in New York conceived an event called O+ where various medical care experts donated their services to the artists and musicians who participated in the event. According to Arthur Chandler, a doctor and an organizer, these programs aims at helping artists in finding health care at affordable rates.