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Bloomberg Markets

Germany’s Weirdest Debt Market May No Longer Be Safe Haven for Lenders

Germany’s Weirdest Debt Market May No Longer Be Safe Haven for Lenders
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After storied Austrian motorcycle manufacturer KTM AG presented an insolvency plan to creditors last year, several of them convened a video conference to discuss a counter-proposal. More than 100 parties joined, but none of the usual big corporate lenders were involved. Instead, the group featured a motley crew of backers from tiny German towns, Chinese banks and European pension funds, all with w

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Bloomberg Markets

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