APP unveils losses from derivatives, reveals debt total

Article Abstract:

Asia Pulp and Paper Co. has lost $220 million on two derivatives contracts with Deutsche Bank AG, and it has announced its total debt to creditors as $13.4 billion. The Singapore-based company plans to raise funds through asset sales, but a restructuring plan will not be finalized until March 2002.

Commercial Banks, Commercial Banking, Germany, Sales, profits & dividends, Contracts & orders received, Statistical Data Included, Banking industry, Contracts, Deutsche Bank AG, DTBKY

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Rekindled interest in APP?

Article Abstract:

The financially troubled Asia Pulp and Paper Co. has seen the price and trading volume of several of its bonds increase in recent weeks. Creditors are trying to figure out who is purchasing the debt and what it means for the restructuring efforts of the Singapore-based company.

Financial analysis

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APP finds a debt plan

Article Abstract:

Asia Pulp and Paper Co. (APP) announced that it is planning to restructure its debt. The company will restructure its debt by exchanging some bonds for cash and long-dated bonds.

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