Wednesday, March 18, 2009

Asan financing

There is a short item in the FT looking at the short-term nature of the bank credit that has financed firms in Asia.

Of the $730bn of outstanding debt analysed in the report, 45 per cent came from banks and the remainder from bonds and commercial paper. About 54 per cent of the total debt is scheduled for repayment or refinancing by the end of 2010.

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