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

April 2009

Case study: Plantation Place


CMBS: We can’t work it outCMBS: The value of loan-to-valueCase study: Four SeasonsREC Plantation Place, a £527 million ($776.2 million) CMBS deal signed in 2006, is backed by a central London office building. This deal was the first in Europe to breach its LTV covenant,...


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