Tanzania working on debut public eurobond; eyes sukuk next year

Perspectives on alternative credit with Reckoner Capital Management

The evolution of the UK’s Local Government Pension Scheme (LGPS) could unlock alternative credit opportunities. Join 9fin and alternative credit specialist Reckoner Capital Management for an afternoon of expert discussion and networking with the LGPS community, bringing together decision-makers and influencers for constructive challenge and debate.

How debtors are bending Brazil's mediation stay into a creditor shield

The pre-insolvency injunction Brazil designed to catalyze mediation is being stretched into something else — a stay imposed on creditors the Bankruptcy Law was meant to leave alone, often with no restructuring plan behind it. How far courts allow that stretch to go will define whether the country's mediation-led restructuring regime is a genuine cultural shift or a new front in an old litigation habit, sources told 9fin.

Will Camp Lavi as we know it live on? Camp parents make hail-Mary play in Simad Holding’s bankruptcy

At the eleventh hour, an objection has been filed from a “Committee of Concerned Parents of Camp Lavi,” who put a $10m bid on the table — which represents a 14% increase over the current Ohel bid. The parents write in their letter that they did not know about the sale process “until after the sale process had been substantially concluded.” Beginning 6 August, the parents assembled to retain counsel, find the funds, file an objection, corral the support of creditors, and wage the war to keep Camp Lavi as its beloved self.

Ares scales back private credit continuation fund after pricing expectations fall short

Ares had to reduce the transaction perimeter for one of its continuation funds from around €700m fair market value to approximately €350m FMV, after potential investors in the fund pushed back on pricing expectations, according to 9fin sources.

Saudi Real Estate Refinance Co lines up new sukuk and RMBS deals

One of the most in-demand borrowers in the GCC is contemplating a return to both sukuk and asset-backed finance markets in the coming months, according to 9fin sources.

LatAm Weekly — Earnings take center stage as oil, FX and Brazil credit drive the week