WOW Air CEO Paints Bleak Picture of Airline’s Future in Bondholder Letter

WOW Air CEO Paints Bleak Picture of Airline’s Future Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not […]

A bondholder finds a sneaky way to trigger insurance against default

IN 2013 Codere, a Spanish gaming firm, owed money it could not repay. Its bonds were trading at just over half face value. Blackstone, a private-equity firm, offered it a cheap $ 100m loan. But there was a catch. Blackstone had bought credit derivatives on Codere’s debt that would pay out about €14m ($ 19m) […]

A Puerto Rico bondholder strikes a far more sympathetic tone toward the island’s tragedy than Trump

REUTERS/Jonathan Ernst President Donald Trump’s visit to Puerto Rico some two weeks after the US territory was devastated by Hurricane Maria was widely criticized for its lack of empathy and sensitivity. The president joked about Puerto Ricans not needing flashlights anymore while most of the island’s 3.4 million US citizens remain without power. While visiting […]