Bankruptcy

UPDATE 1-Lender says will make 'significant' new bid for RadioShack

WILMINGTON, Del, March 27 - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.

Lender says to make 'significant' new bid for RadioShack

WILMINGTON, Del, March 27 - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.

Bonds, Regulatory News, 7:17pm GMT

Puerto Rico's utility creditor meeting to extend through weekend

NEW YORK, March 27 - Negotiations between Puerto Rico's electric power authority PREPA and its creditors, aimed at avoiding a potentially messy default, will likely continue over the weekend, PREPA's chief restructuring officer said.

4:31pm GMT

Asian banks to step up capital calls

LONDON, March 27 (IFR) - Bankers are preparing for an onslaught of bank capital offerings from Asian financial institutions, as the first international issue of the year from China looms large.

IPOs, 4:16pm GMT

Two get Yankee CoCo ball rolling

NEW YORK, March 27 (IFR) - Yankee European bank CoCos and bond issuance to meet total loss absorbing capital regulations finally got going in the US dollar market this week.

IPOs 4:11pm GMT

BRIEF-PA Resources' says application for corporate reorganisation approved by Stockholm District Court

* PA Resources' application for corporate reorganisation approved

12:25pm GMT

PRESS DIGEST- Canada- March 27

March 27 - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

11:07am GMT

BRIEF-Pa Resources says files for corporate reorganisation

* Says as a result of a perceived lack of progress in the negotiations with its creditors in the past few days, the company's board of directors is no longer confident in the ability to reach an agreement with all parties in the near term.

7:34am GMT

Bankrupt San Bernardino reveals details of deal with Calpers

LOS ANGELES, March 26 - The bankrupt California city of San Bernardino revealed on Thursday details of its deal with the state's public pension system Calpers, in which the retirement fund will be paid in full under the city's bankruptcy exit plan.

26 Mar 2015

UPDATE 1-RadioShack rescue deal dogged by fights, demand for new auction

WILMINGTON, Del., March 26 - A deal to keep 1,740 RadioShack Corp stores open hangs in the balance in a Delaware court after its top creditor, a losing bidder in an auction for the bankrupt retailer, called the process a "sham" and demanded a new sale.

Bonds, Regulatory News, 26 Mar 2015

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