The proposed leveraged buyout of Macy’s Inc. is a reminder that retail has been a notoriously tough sector for private equity, with debt of companies that were taken private in recent years falling to distressed levels.
Guatemala’s dollar bonds lost the most among emerging-market sovereigns on Monday as attempts to overturn the presidential election result risk making the nation an international pariah.
The Bank of Ghana is set to keep borrowing costs unchanged for a second straight meeting amid tame price pressures, as it awaits a debt restructuring deal with bilateral creditors.
Zambia’s official creditors co-led by China and France rejected a revised agreement in principle that the government reached with bondholders, leading to a stalemate in the restructuring of $3 billion of outstanding eurobonds.
Analysts and investors welcomed the prospect of radical change in Argentina after firebrand libertarian Javier Milei won Sunday’s presidential vote, while warning about the deep challenges facing the man who will take over an economy with triple-digit inflation and stalled growth.