Partial credit guarantees for sub-national transactions (English)

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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Author

Darche,Benjamin;

Gallo,Joshua Mathias;
Document Date
2012/07/01
Document Type
Brief
Report Number
73644
Volume No
1
Total Volume(s)
1
Country
Multi-Regional,
Region
Other,
Disclosure Date
2012/11/14
Disclosure Status
Disclosed
Doc Name
Partial credit guarantees for sub-national transactions
Keywords
bond

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Darche,Benjamin; Gallo,Joshua Mathias.

Partial credit guarantees for sub-national transactions (English). SNTA brief note ; no. 5 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/778661468287782565

Partial credit guarantees for sub-national transactions (English)

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