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Major Japanese Banks To Place Third World Loans In Offshore Company

ISSN:1060-4189
LADB Article ID: 076973
Category/Department: General
Date: Tuesday, March 10, 1987
By: John Neagle

Major Japanese banks are reportedly prepared to engage in a new approach for easing their share of the Third World debt burden. This new approach consists of placing Third World loans in a new company, jointly owned by the banks, whose sole purp...

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