Sales of keepwell bonds to shrink after ‘epic, unproductive’ court fight: S&P
- Posted on April 23, 2025
- By South China Morning Post
- 3 Views
Sales of keepwell bonds to shrink after ‘epic, unproductive’ court fight: S&P
A PUFG case comes up short in a test of the keepwell structure’s ability to address subordination risk in a default, S&P says.
