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?

EuromoneyFXNews.com

EuromoneyFXNews.com

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December 2007

Kazakhstan: Corporates throw down funding challenge


Two of Kazakhstan’s leading companies are poised to fully test investor sentiment towards the central Asian state in the coming weeks, with big transactions in the debt and equity markets.

On the debt front, oil and gas firm KazMunaiGas (KMG) is in the market with a $3.1 billion syndicated loan, the proceeds of which will be used to help fund its acquisition of Romania’s Rompetrol. The unsecured one-year bridge loan, arranged by ABN...


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