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Asia Syndicated LoansAsia Leveraged/non-investment grade loans

Banks brace for long haul on Royal loan restructuring

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Indonesian palm oil seller Royal Industries is looking to restructure a $405m loan after failing to repay the first and second instalments. And going by precedents, market participants are bracing themselves for a long-winded recovery process as legal proceedings unfold, writes Shruti Chaturvedi.

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