Australian Bank exposures to Glencore
Interesting little chart from Sanford Bernstein highlighting bank exposures to Glencore debt. With Glencore shares marching higher overnight it looks like some of the fear has faded. The chart below shows top syndicated loan exposures to $16.1 billion of Glencore debt. Credit Agricole has the largest exposure in absolute terms while the cumulative exposure for the Big Four is $2.4 billion. NAB has the largest with $651million representing 2% of Tangible Net Asset Value.
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Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.
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Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.
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