Browsing Tag
Sweden’s
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Sweden’s Intrum Wins Bondholder Support for Restructuring
(Bloomberg) -- Swedish debt collector Intrum AB won bondholder support to start restructuring a 58.4 billion-krona ($5.7 billion) debt pile as it seeks to put its finances on a more sustainable footing. More than 66.7% of bondholders signed up to a lock-up agreement, passing a threshold allowing for the deal to be implemented, according to
Sweden’s inflation rate at a 29 year high, “transitory”
AnalysisThe inflation rate of the Swedish krona rose to a new 29-year record in December, following a world-wide trend in increasing inflation, and the 7.0 percent inflation in the U.S.Inflation is on the rise in many parts of the world. On Wednesday, The U.S. Federal Reserve reported a CPI inflation of 7.0% for December. Following…