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Guarantees improve terms of China's private borrowing : The Yangzhou and Zhejiang Thermal Power Projects (Английский)

The Yangzhou and Zhejiang Thermal Power Projects involve construction of large, coal-fired thermal power plants and expansion of related transmission networks, and represent a major expansion in the generating capacity of their respective provinces (about 15 percent in Jiangsu and 27 percent in Zhejiang). Partial credit guarantees were used for both projects. The partial credit guarantee covers a portion of a financing against all risks. This contrasts...
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