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In the last month, banks have...........>

CHINA PRESS
MNI (London)
CHINA PRESS: In the last month, banks have established 28 Credit Risk Mitigation
Warrants(CRMWs) worth CNY3.6 billion to cover private enterprise bond issuance
totalling around CNY10 billion, the Economic Information Daily said Wednesday.
- When there is a default in those private corporate bonds, CRMW underwriters
are required to either pay compensation to investors for losses or buy the bond
at the original price, the Daily said.
- With the backing of CRMWs, private-sector financing costs have seen an obvious
decline, with lower interest rates on bond issues, the paper said.
(Link to the story: https://bit.ly/2QqA96s)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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