(Adds no comment from emergency manager spokesman, Fitch report and background)
NEW YORK/LONDON, Aug 21 (IFR) - The International Swaps and Derivatives Association (ISDA) has set an action date of September 3 to settle Argentina's credit default swaps after including two controversial yen-denominated bonds in the list of deliverable securities.
Aug 21 - Bondholders of $5.2 billion of Detroit water and sewer revenue bonds turned in only 28.34 percent of the debt for repurchase by Thursday's expiration of the city's tender offer, according to tender agent data.
NEW YORK, Aug 21 (IFR) - The International Swaps and Derivatives Association (ISDA) will include two Japanese-law restructured bonds in the list of deliverable securities for an upcoming auction to settle Argentina's credit default swaps.
Aug 21 - Detroit has once again raised the possibility of having a regional water and sewer system authority in the latest version of a debt adjustment plan the city filed in the U.S. Bankruptcy Court late on Wednesday.
Aug 20 - Just over a quarter of Detroit's $5.2 billion of outstanding water and sewer revenue bonds were returned to the city for repurchase on Wednesday, 24 hours before the tender offer was due to expire.
Aug 20 - Candidates are being interviewed this week for a chief restructuring officer at Puerto Rico's struggling power authority, two people briefed on the matter told Reuters.
Aug 20 - Underwriters for up to $5.5 billion of Detroit water and sewer revenue bonds released preliminary sale documents for the deals late on Tuesday as a tender offer for existing bonds continues.
Aug 20 - Lamson & Goodnow Manufacturing Co, which describes itself as the oldest U.S. maker of cutlery, has filed for bankruptcy protection.
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Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.
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