Bloomberg Business

Thailand to Cut Reliance on Long Bonds in $66 Billion Debt

Thailand will reduce sales of long-tenor debt in favor of shorter notes to soothe investors worried about its plan to lift sovereign borrowing to a three-year high, according to the nation’s debt office.

UBS in Talks to Cancel $100 Million Mozambique Debt to End Case

UBS Group AG is in talks with the Mozambican government to forgive as much as $100 million of debt as part of a settlement over Credit Suisse’s role in a financing scandal in the African nation, according to people with knowledge of the matter.

US Firm Plans to Convert Deadly Congo Methane Into Power

Winds Exploration and Production LLC, a Houston-based company, said it plans to start building a $300 million power and fertilizer complex in a year’s time using methane trapped under the Democratic Republic of Congo’s Lake Kivu.

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