A partial credit risk guarantee (PCG) provides comprehensive cover to sub-national governments' (SNGs) lenders in the event the SNG fails to make debt service payments on their debt, or when any default occurs, for any reason. A PCG provides direct or indirect debt service payment coverage for an SNG commercial bank loan or domestic bond issue. A PCG can also provide other improvements, or credit enhancements, to a debt obligation, such as extending...
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INFORMATION
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2012/07/01
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Fiche
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73644
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1
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1
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2012/11/14
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Disclosed
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Partial credit guarantees for sub-national transactions
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bond
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