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China Banks Offer 25-Year Loans to LGFVs to Avert Credit Crunch

China Banks Offer 25-Year Loans to LGFVs to Avert Credit Crunch
Bloomberg (gated) with the item: China Banks Offer 25-Year Loans to LGFVs to Avert Credit CrunchChina’s biggest state banks are offering local government financing vehicles loans with ultra-long maturities and temporary interest relief to prevent a credit crunch amid growing tension in the $9 trillion debt market, according to people familiar with the matter. Banks ... have started to ramp up loans that mature in 25 years, instead of the prevailing 10-year tenor for most corporate lending, to qu... Read More
Posted: Jul 4 2023, 02:52
Author Name: forexlive
Views: 102163

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