Fears mount over rise of sovereign-backed corporate debt

Quasi-sovereign bonds pose a challenge to future restructurings of emerging market sovereign debt, the FT reports.

5398456b-e363-4704-b80a-6184cbb44633“More than $800bn of emerging market sovereign debt is being camouflaged by the growing use of bonds that offer implicit state backing without always appearing on government balance sheets, according to new research.”

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