China must sort out its default system – opinion

The country should combine a more liberal attitude towards bond defaults with improved transparency or global investors will turn their attention elsewhere.

  • 22 Apr 2013

China’s refusal to allow any of its companies to go into default had been a running joke for years. But in December the country’s State Council offered its own punchline when it announced that it would no longer continue to bail out the unprofitable solar sector.

It has been ...

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4 Deutsche Bank 28,030.86 110 4.80%
5 Standard Chartered Bank 24,407.97 175 4.18%

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5 Santander 9,738.65 37 8.05%

Bookrunners of CEEMEA International Bonds

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4 BNP Paribas 9,898.80 29 5.30%
5 Deutsche Bank 9,721.98 26 5.20%

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4 Bank of America Merrill Lynch 114.20 33 6.18%
5 Citi 95.36 35 5.16%

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4 SG Corporate & Investment Banking 2,301.01 20 7.02%
5 Sumitomo Mitsui Financial Group 2,180.06 9 6.65%

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3 Trust Investment Advisors 4,716.76 132 9.40%
4 Standard Chartered Bank 3,661.93 41 7.29%
5 Yes Bank Ltd 2,469.67 59 4.92%