Bank of Cyprus has struck a deal to sell a €2.7bn non-performing loan portfolio in a “transformative” deal for the bank that was one of the highest-profile casualties of the eurozone crisis, the Financial Times reported. The agreement to sell the loan portfolio to Apollo Global, the US-based private equity firm, for €1.4bn comes as European banks have ramped up sales of bad loans following pressure from the ECB to clean up balance sheets.

Formula One owner Liberty Media could be left with an unexpected bill of $67.3 million driven by a dispute over the recent rescue of the Force India racing team. Force India crashed into administration, the British equivalent of Chapter 11 bankruptcy, at the end of July after its owners got into financial difficulty, Forbes reported. Last week the team’s assets were sold to a new vehicle called Racing Point which is led by Lawrence Stroll, the tycoon who helped to develop the Tommy Hilfiger fashion brand.

Chinese finance-to-aviation conglomerate HNA on Monday paid the Rmb1bn ($147m) principal on a bond after missing the payment on Friday due to what it said was a glitch in the interbank transfer system, the Financial Times reported. The payment of the bond principal averts the closest call yet for HNA, which delayed or extended debt during a liquidity crisis in the fourth quarter of 2017. It has since sold about $18bn in assets, according to company statements and data from Thomson Reuters. The 270-day bond that came due on Friday was issued during HNA’s tense period last year.

Bohai Steel Group, a debt-stricken state-owned enterprise, has entered bankruptcy proceedings as Tianjin Higher People’s Court accepted its creditor Tianjin Seri Machinery Equipment Corp., Ltd.’s application to reorganize Bohai Steel Group on August 24th, China Money Network reported. The group’s bankruptcy and reorganization process involves 48 businesses located in Tianjin and Hebei province. China Banking and Insurance Regulatory Commission said it will work with Tianjin municipal government to establish a creditors committee.

China’s consumer finance industry is sagging under an intensifying campaign of regulation, Bloomberg News reported. That could be a problem for an economy that’s relying on domestic demand to sustain growth amid the trade war with the U.S. The government has started a fresh round of checks on thousands of peer-to-peer lending sites, Bloomberg News reported last week. Meanwhile, shares of U.S.-listed cash-loan provider Qudian Inc. fell 12 percent on Friday after a separate Bloomberg report that it would lose access to customers through Ant Financial’s Alipay app.

Noble Group Ltd won approval from shareholders on Monday for a $3.5 billion debt restructuring plan that should ensure the survival of what was once Asia’s biggest commodity trader, Reuters reported. Faced with the prospect of the company’s insolvency, shareholders reluctantly backed a debt-for-equity swap that will leave them owning just 20 percent of the business, while handing majority control to a group of creditors comprised mainly of hedge funds.

An Indian court rejected a plea by the nation’s power producers to exempt generators from central bank’s rules on repaying loans, according to the Independent Power Producers Association of India.

Indian billionaire Gautam Adani’s energy unit is nearing a deal to acquire a 1,370-megawatt thermal power plant backed by GMR Infrastructure Ltd., according to people with knowledge of the matter. Adani Power Ltd. will take over about 38 billion rupees ($543 million) of loans out of a total of 58 billion rupees that GMR Chhattisgarh Energy Ltd. owes, said the people, who asked not to be identified because the information is private, Bloomberg News reported. Adani Power will also assume non-funded liabilities of about 14 billion rupees, the people said.

Reliance Communications Ltd., the Indian wireless carrier that’s trying to pay down debt, wrapped up the sale of its fiber and related infrastructure assets for 30 billion rupees ($429 million) to Reliance Jio Infocomm Ltd, Bloomberg News reported. The Anil Ambani-helmed operator is transferring 178,000 kilometers of fiber to sibling billionaire Mukesh Ambani’s company, according to an exchange filing. Reliance Communications’ shares were down about 0.5 percent on Monday in Mumbai at 11:15 a.m., taking declines this year to 48 percent. S&P BSE Sensex was trading 1 percent higher.

Singapore-listed Noble Group Ltd faces a make-or-break shareholders’ meeting on Monday as investors vote on a $3.5 billion debt restructuring plan that its creditors and board say is vital to prevent insolvency, Reuters reported. The company, once a global commodity trader with ambitions to rival Glencore or Vitol, has shrunk to an Asian-centric business focused on coal and freight trading after it slashed hundreds of jobs and sold prized assets to cut debt.