ASIA'S WORST DEAL - In the late nineties, Asia Pulp & Paper, founded in Indonesia but operating out of Singapore, was billed as a great port of entry into the region for American money. Wall Street sold nearly USD 6 billion in bonds to funds and investors greedy for yield but blind to regional risk and lax regulators. Now, the former blue chip has defaulted on billions in debt--and is a touchstone ...
Year of publication:
Business week : BW. - New York, NY : McGraw-Hill, ISSN 0007-7135, ZDB-ID 2402762. - 2001 (13.08.), p. 18-23