Government

LME Boom Puts New Pressure on Distressed Companies’ Communications, Says FTI’s Chesley

Editor’s Note: An earlier version of this story was published in error. It has been updated to reflect a correct version of the “View from the Market” section. Join Octus on Wednesday, Oct. 7, for a webinar on 2026 bankruptcy trends, which you can register for HERE. The following...

Published on Oct 2, 2026

Expert Views: Enhancing the Sovereign Debt Restructuring Architecture for Senegal and Beyond

Editor’s Note: This latest installment in Octus’ Expert Views series comes from Thomas Laryea, an international law and policy expert with Orrick, Herrington & Sutcliffe, specializing in sovereign debt restructuring. At the time of publication, Orrick had no mandate in...

Published on Sep 18, 2026

Public Utility Commission of Texas Approves ERCOT’s Batch Zero Deadline Extensions

Reporting: Isabela Fleischmann, Hoa P. Nguyen Relevant Documents: PUCT Aug. 20 Meeting Recording ERCOT’s Request for Good-Cause Exception (Aug. 10) Aug. 3 Directive June 10 Directive The Public Utility Commission of Texas, or PUCT, on Thursday, Aug. 20, unanimously approved the Electric...

Published on Aug 21, 2026

Do total return swaps put emerging market countries at risk of a ‘zombie debt’ outbreak?

In the world of sovereign debt, three little letters – TRS – are generating an outsized amount of column inches and not a little controversy. TRS, or total return swaps, and their close cousins, repurchase agreements, are gaining popularity among emerging market countries that would...

Published on Aug 27, 2026

Senegal’s National Assembly Sets Up Cross-Party Inquiry Into Controversial Total Return Swap Deal; IMF Mission to Dakar to Complete Sept. 1

Senegal’s National Assembly last week voted to set up a cross-party parliamentary inquiry into Dakar’s use of total return swaps, or TRS, according to a statement. “This parliamentary commission of inquiry will notably have to determine the conditions of [TRS operations], its...

Published on Aug 25, 2026

Munis Enter Heavy Week Expecting $17B in Supply

Reporting: Isabela Fleischmann Relevant Item: Spreadsheet (Muni Primary Issuance Tracker, Forward Calendar) The municipal bond market enters a heavier primary calendar this week with about $17 billion expected to price, on firmer footing after another week of positive performance, supported by...

Published on Aug 17, 2026

IMF Conducts Capacity Building Work on Total Return Swaps as Sovereign Debtors Increasingly Turn to Controversial Debt Mechanism

Reporting: Simon Schatzberg, Katie McMahon   Join us on Sept. 14 for the Emerging Markets Forum: Distressed Opportunities with Octus and Cleary Gottlieb in London. IMF representatives have held meetings with financial institutions and member countries in recent months to conduct capacity...

Published on Aug 14, 2026

Emerging Markets Forum: Distressed Opportunities with Octus & Cleary Gottlieb

Published on Jul 28, 2026

Analysis: Running Out of Track – Brightline’s Path to Chapter 11; Estimated 54% Base-Case Coverage for OpCo Positions Priming DIP as Recovery Battleground

Credit Research: Carl Myers, Mengdi Zhang, CFA Legal Analysis: Tope Adesanya, Lucas Hammonds Relevant Items: TopCo Series 2025B Offering Memorandum HoldCo Series 2024A Offering Memorandum HoldCo Series 2024 Offering Memorandum ParentCo 11% 2030 SSN Offering Memorandum OpCo Series 2024 Offering...

Published on Jun 9, 2026

NFMA 2026: The Top 5 Themes Across Municipal Finance

Isabela Fleischmann, Municipals Reporter Atlanta received the National Federation of Municipal Analysts conference in May and discussions were around how federal funding is less reliable, more politically contingent and harder to forecast than it was a cycle ago. The institutions drawing least...

Published on May 15, 2026