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Article: $200bn ticking debt bomb.
- Article from:
- Australasian Business Intelligence
- Article date:
- July 26, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Adele Ferguson
Jul 26, 2009 (The Australian - ABIX via COMTEX) -- Current data indicates that the combined debt burden due to be rolled over in 2010, 2011 and 2012 respectively for Australian companies will reach $A38.5bn, $A97.3bn and $A64.7bn. Infrastructure, listed real estate and construction are the sectors most affected, with many smaller entities also forecast to be struggling to refinance, to the point where collapse may be a serious threat. Unlisted groups are looking for an improved stock market to stage floats, while others are seeking out private equity.
Publication Date: 27 July 2009
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