Futuregrowth Asset Management is not known for pulling its punches. "Boom!" it wrote last week. "Land Bank drops a bombshell." Turns out, the National Treasury has withdrawn a promised partial guarantee to the distressed bank, nine months into painstaking talks with lenders over a major debt restructure. What gives? The FM spoke to Futuregrowth’s head of credit, Olga Constantatos.
Why was this partial guarantee so important?..
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