Shades of 2009 as restructuring fears resurface
There have been a couple of timely reminders of just how serious the crisis was for the EM loan market in 2008/2009. Global Investment House, a Kuwaiti investment vehicle, is in restructuring talks with lenders for the second time. Meanwhile, Dubai Drydocks has still not concluded negotiations on refinancing a three year loan that falls due on September 30.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts