China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The truth about Asian investment banking

January 2007

Russia: High-yield issuance set to rise

M&A and capital expenditure needs likely to drive more deals.


Albert May, Citigroup: Russia’s promotion to investment grade should bring high-growth companies to market
Political risks are rising in Russia, but so too are the rewards. To date, international bond issuance from Russia has been dominated by plain vanilla Eurobonds from leading players in the energy, metals and financial sectors, but bankers at Citigroup believe that this year welcome diversification in both financial instruments and issuers could be seen.

According to Albert May, head of corporate finance for central and eastern Europe, the Middle East and Africa at Citigroup in London, the recent promotion...


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