Tag: Repays

International Entertainment Corp (IEC) has repaid a total of US$113 million in debt after issuing the first tranche of Subscription Notes to DigiPlus Interactive Corp. The company confirmed it redeemed HK$489 million (US$63 million) in promissory notes and settled a further HK$392 million (US$50 million) in outstanding bank loans. The repayments were funded through the

Bankrupt crypto exchange FTX has kicked off its second round of repayments to creditors, disbursing over $5 billion to individuals and entities with approved claims. This follows the firm’s initial payout of $1.9 billion and marks a major step in the collapsed exchange’s bankruptcy proceedings. Will FTX Payout Spark a Potential Market Rally? In a