Welcome to
The Brink
. We’re
Luca Casiraghi
in Milan,
Trista Xinyi Luo
and
Pearl Liu
in Hong Kong, where property developer New World has a week to clinch a debt swap and buy itself time to stabilize cash flow and restore confidence. We also have an update on First Brands’ day in court, Brazilian telecom operator Oi’s final chapter and the collapse of Renovo. Follow this link to subscribe. Send us feedback and tips at
debtnews@bloomberg.net
.
Crunch Time
New World Development has a week to convince its bondholders that there’s no alternative to the