Issues Regarding Transferable Credits under UCP600 Article 38
Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
In a move indicative of a broader shift in security finance, Groupe BPCE became the first financial institution in Europe to issue a bond dedicated exclusively to the defence sector, successfully placing a EUR 750 million (USD 870m) senior unsecured bond with a five-year maturity on 28 August 2025.
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