SHARIAH / WAM In a high-level meeting chaired by Sheikha Bodour Al Qasimi, the Board ...
Read More »Chinese firms turn to structured debt as funding squeezed
Bloomberg Cash-strapped Chinese companies are ramping up sales of asset-backed securities to raise funds as they face record delays in collecting payments from customers. Structured note sales backed by assets such as receivables jumped 130 percent to 455.2 billion yuan ($65.7 billion) last year, based on official data. They accounted for 54 percent of all asset-backed securities issued in ...
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