(Reuters) Global distressed-debt specialists are stepping up their dealmaking in China after a decade, betting that the country is becoming serious about developing a market to tackle its $256 billion of official non-performing loans (NPLs).Groups such as Blackstone Group LP (BX.N) and Bain Capital Credit LP made their first investments in recent months, amid surging write-offs by banks and indications that China’s commercial bad loans market is set to deepen.
Global Distressed-Debt Funds Circle China Again, Eye $256 Billion Bad-Loans Market
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