The Asset Magazine

A comedy of errors

The Asset April 2009 by Gita Dhungana

In December 2004, when Asia Aluminum Holdings issued its first bond issue with US$450 million seven-year senior bonds, yield-hungry investors eagerly snapped up the issuance. Four years after the bonds were issued, the bondholders are preparing to battle for their rights in a murky legal system of China, and could get as little as 3.88 US cents for every dollar they invested ...

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