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Covid-19 loan restructuring driving bank profitability

Cambodia’s banking system reported higher earnings despite the pandemic as strong fundamentals sustain growth In late March, a momentum for loan restructuring slowly built up, culminating in some 16,000 microfinance loans approved for revision within two weeks in May, when only 2,000 to 4,000 applications are commonly recorded monthly.

Coal comes out as the big winner : Biden climate goals to take backseat in biggest U S power grid

GGRAsia – Studio City note offering to help cash balance: Moody s

Moody’s Investors Service Inc said on Monday that Studio City Finance Ltd’s announcement to issue additional senior notes due in 2029 would boost the firm’s “good liquidity”, and give it enough cash balance to support its planned capital spending over the next 12 months. Studio City Finance, the promoter of the Studio City casino resort (pictured) in Macau’s Cotai strip, announced this week a proposed international offering of an aggregate amount of US$350 million, 5.000 percent senior notes due 2029. The latest notes would constitute as additional notes to be issued on the “same terms and conditions” as the firm’s indenture dated January, whereby it issued US$750 million in aggregate principal amount of 5.000 percent notes due 2029.

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