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Spain remains one of the largest European markets for non-performing assets – both for its non-performing loan (NPL) and real estate-owned (REO) portfolios – and is a preferred jurisdiction for international investors. The provisioning requirements of credit institutions for real estate exposures and the creation of the Spanish bad bank, Sareb, were the real catalysts for the change in mindset regarding the transfer of NPLs. All Spanish financial institutions, even the most solvent ones, accumulated large amounts of NPLs – around €300 billion ($347 billion) in total – during the real estate crisis and financial turmoil. All international credit funds and distressed investors landed in Spain several years ago and many of them set up their own asset management platforms. During those years, there was no other jurisdiction in continental Europe that could offer the opportunities and returns available in Spain (until recently, Italy).

The eastern seaboard of Thailand has attracted substantial investment during the past 30 years, including into the petrochemicals, auto assembly and high-tech business sectors. The area is served by three airports and two deep-water ports. Both Thai and foreign companies have obtained investment incentives from the board of investment (BOI) under the Investment Promotion Act (1977).

Panellists at this year's ICMA Green and Social Bond Principles conference in Hong Kong noted more corporate issuances could help

Companies are facing potentially huge fines over their lack of retention policies

The current trend at the top of the market is expected to remain for the long-term

In the latest example of the new directive's extraterritorial reach, here portfolio managers and research providers explain that just six months in, the unbundled model has already become the norm

Tariffs must be addressed first and stability will be paramount for the incoming Mexican president

There are doubts over the pricing mechanism and the viability of the legal framework for this new category of depositary receipt

Speakers at Fixed Income Leaders Summit in Hong Kong share views on the challenges surrounding the recent Bond Connect

IFLR speaks to leading practitioners about how to avoid cybersecurity disclosure offences