Bankers mull future of keepwell bonds
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Asia

Bankers mull future of keepwell bonds

court_Adobe_11June

The debt restructuring at China’s Peking University Founder Group is set to be a test case for offshore bonds backed by keepwell agreements, a structure often favoured by many mainland borrowers. The outcome of the restructuring looks set to influence the use of keepwell structures ─ and how these deals price.

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