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...Z.d.G....
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...At nearly 12 per cent it dwarfs the 7.5 per cent that US high-yield bonds pay, and is close to the effective yield of super-junky triple-C bonds....
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...Alphaville’s emphasis below: In recent weeks, we see mounting financial risks from the property sector (e.g., Country Garden), the shadow banking sector (e.g. Zhongrong Trust), and LGFVs....
...But G goes on leave at this point, handing the file over to H, who drafts a minute, which is signed by D and returned to C, who revises his draft accordingly and lays the new version before A.”...
...If TP liabilities and the cost of a government guarantee are too low it’s hard to see why schemes would ever choose buyout over public superfund; if they’re too high it’s hard to see why they’d ever veer...
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...From then, they could only let homes rated “C” or above, on a scale of energy performance certificates (EPCs) running from “A”, the most efficient, to “G”, the least....
...But many English words have penetrated everyday language, like “boring” (“c’est un peu boring, ça”), “bullshit” and “cute” (“mais il est trop cute”)....
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