Denmark’s Jyske Bank became the second money manager to say it won’t lend to Eskom after the nation’s biggest specialist fixed-income manager said it had stopped extending credit to state-owned companies amid concern about their governance.
“We pulled the plug on Eskom too yesterday,” Rune Hejrskov, senior money manager at the Silkeborg, Denmark-based company said Thursday in e-mailed comments.
“I could easily see more lenders follow suit. We see issues on lending going forward and more governance issues.”