Krono Partners PLC has announced that it would be introducing its distressed asset bonds for listing on the GXG Market. This is a first for Krono and a first for the bourse of the listing of this kind in Denmark.
The newly launched GXG Exchange has become the ideal capital market for new and innovative products such as the Krono Distressed Asset Bonds. According to its CEO, Mr. Rosenschein, "This is a moment of change and most importantly should be the turning point for all those involved in financial markets since 2008. Not only are the global markets responding to institutional confidence, but within the next four to six weeks, we will see that confidence amongst the global retail investor community."
Krono believes that the timing is beneficial to both investors and companies, as the companies are able to gain leverage in pushing for growth in the recent activities in many senior exchanges.
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