Bloomberg The last day of a bitter year for China’s non-bank borrowers proved to be especially painful: they’re now paying a record premium for short-term funds. As interbank lending rates climbed due to banks hoar-ding cash for year-end regulatory checks, the increase was especially significant for non-bank financial institutions, such as securities and insurance companies. A measure of what they’re …

Bloomberg Egypt selected five banks to manage a Eurobond sale of about $4 billion, the finance minister said, as the nation taps cheaper funding sources to bridge its budget gap. The government selected HSBC Holdings Plc, Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley and the National Bank of Abu Dhabi for the sale scheduled around January, Amr El-Garhy said …

Bloomberg Punjab National Bank, India’s second-largest state-run lender, will be able to avoid massive losses after the government forced delinquent borrowers to repay loans or face liquidation proceedings under a new law. The interest and bids received so far for assets put up for sale by India’s new bankruptcy court indicates that the bank may not have to take “huge …