Prices on three of Reliance Communication Ltd.’s loans totaling $2.33 billion have been indicated in the mid- to low-70 cents on the dollar level, as the Indian telecommunications company’s bond and stock prices tumble while it scrambles to sell its tower business to repay debt, Bloomberg News reported. Two term loans for $1.33 billion and $925.2 million, plus a $75 million capital spending facility were indicated at this level, according to people familiar with the matter, adding that there have been no trades or offers on this bank debt recently.

Around US$300m of a US$1.1bn revolving credit loan for Noble Group has been sold to funds in the secondary loan market as banks seek to limit their losses as the company faces a potential restructuring, banking sources said on Thursday, Reuters reported. The struggling commodities trader is trying to extend a separate US$2bn loan as finding an investor to recapitalise the business looks increasingly difficult, leaving debt restructuring or bankruptcy as the most likely options, several sources said.

International Bank of Azerbaijan, the energy exporting country's biggest lender, said on Wednesday a London court had supported its request to prevent creditors pursuing legal action in the United Kingdom, giving it time to restructure $3.3 billion (£2.5 billion) in debt, the International New York Times reported on a Reuters story. A similar decision was made by a U.S. court last month.

Singapore’s bond market has seen unprecedented defaults, and a slump in oil prices along with a weak property market are threatening to increase nonpayments this year, Bloomberg News reported. The following is a list of four firms that have Singapore dollar-denominated bonds maturing by the end of next year, and that Bloomberg’s default-risk monitor suggests have the highest odds of failing to repay obligations in the next 12 months among the nation’s companies that aren’t restructuring their debt.

Noble Group took another tumble on Wednesday following a report the company’s main banks are in last-ditch talks over whether to give the commodities trader more time to find a white knight investor or to force it into restructuring or liquidation. the Financial Times reported. The FT reported banks including HSBC, Société Générale, ABN Amro, Citigroup and ING have appointed legal advisers as they weigh extending a $2bn credit line to the Hong Kong-based, Singapore-listed company to allow it to continue its search for a major new investor.

China Huishan Dairy faces a bumpy road ahead in its effort to restructure its hefty debt, as a 2.5 billion yuan “discrepancy” in its cash position implies lingering obscurities over its financial well-being, the South China Morning Post reported. The Shenyang-based dairy farm operator said in a statement on Monday that it has found a discrepancy in its cash position based on “incomplete” management accounts and confirmation received from banks. It also said it was in talks with its creditors over a possible debt restructuring.

There’s been no shortage of bad news when it comes to China’s massive debt pile, from turbulence in the corporate bond market to last month’s sovereign rating downgrade by Moody’s Investors Service, Bloomberg News reported. But look beyond the negative headlines, and one encouraging fact stands out: China’s biggest companies are healthier than they’ve been in years. Thanks to a combination of economic stimulus and state-owned enterprise reform, debt-to-equity ratios at China’s largest non-financial firms have dropped to the lowest levels since 2010.

Reliance Communications Ltd.’s lenders have agreed to a seven-month moratorium on the debt payments of Indian billionaire Anil Ambani’s wireless business, which had its credit rating slashed in the past month, Bloomberg News reported. Creditors have given Reliance Communications, or Rcom, time until December to sell its towers to Canadian asset manager Brookfield Infrastructure Group and merge the wireless business with Aircel Ltd., Chairman Ambani said at a press conference in Mumbai on Friday. These transactions will help the company reduce debt by 60 percent, he said.

Australian investment bank Macquarie has been hired to find an investor for insolvent German solar panel maker SolarWorld, the company's insolvency administrator said on Thursday, Reuters reported. SolarWorld, once Europe's biggest solar power equipment group, last month said it would file for insolvency, overwhelmed by Chinese rivals who had long been a thorn in the side of founder and CEO Frank Asbeck, once known as "the Sun King".

Shares in Reliance Communications are down again in the wake of the telco’s credit rating being downgraded. On Tuesday, Moody’s Investors Services cut RCom’s corporate rating to Caa1, indicating high credit risk, the Financial Times reported. That followed a move by Care Ratings, India’s second-largest rating agency, cutting all types of the company’s debt to “default”, the lowest level. The downgrades come hot on the heels of a media report that RCom had missed interest repayments to more than 10 Indian banks.