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Gold offers hedge against state insolvency, says SG

May 13, 2010  

From Pamela Tang

Investors concerned about rising government insolvency should seek out gold and inflation-protected bonds as investment hedges and avoid of overvalued equities, suggests Société Générale.

Investors worried about government insolvency should look at gold and other insurance-type products and steer clear of overvalued equities, says Société Générale.

“The one key fault line in our investment landscape is government insolvency, it’s something that has become…quite a...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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