Global Times Monday 8th July, 2013
South Korea's financial regulator said Monday that it will provide financial support worth 6.4 trillion won ($5.6 billion) to stabilize its corporate debt market.The so-called P-CBO issuance program will be widened to 6.4 trillion won to help cash-squeezed small builders and industrial companies raise funds through bond sales, according to the Financial Services Commission.P-CBO is an acronym of primary collateralized bond obligation, a pool of bonds transferred by builders and other firms to a special purpose company that consists of senior and subordinated tranches.Domestic companies had tro...
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Source: http://www.indiagazette.com/index.php/sid/215687061/scat/ce9cf98a4a863704
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