03
Aug
09:02
Regulatory barriers impede Chinese steelmakers' debt-for-equity swap practice
Chinese steelmakers have reported several cases of debt-for-equity swaps since late 2016. Benxi Iron & Steel Group (Bengang) chairman Chen Jizhuang points out however that existing banking regulatory law restricts the ability of banks to enter into these agreements. “Current debt-for-equity swap practice is only swapping previous ‘short-term debt’ to ‘long-term debt,’ and the [... yield] has been increased,” Chen says.
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous