Agricultural Bank Tries New Approach to Debt-for-Equity Swaps

New company will use the money raised from outside investors to buy equity stakes taken by the bank’s asset management company in debt-for-equity swaps. Plan aims to overcome some of the obstacles that have held back the banks in such swaps. As the government intensifies efforts to promote debt-for-equity swaps to ease the burden on state-owned enterprises (SOEs), Agricultural …

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