Private Bond Restructurings : Lessons for the Case of Sovereign Debtors /

This paper reviews recent experience with both sovereign and private bond restructurings. It also summarizes the literature on private bond restructurings and describes the 'typical' process for a voluntary exchange of new bonds for existing obligations. From this information some conclusi...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Pinon-Farah, Marco
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1996.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1996/011
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung:This paper reviews recent experience with both sovereign and private bond restructurings. It also summarizes the literature on private bond restructurings and describes the 'typical' process for a voluntary exchange of new bonds for existing obligations. From this information some conclusions are drawn as to the possibility of concluding voluntary restructuring agreements for sovereign bonds within relatively short periods of time.
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Beschreibung:1 online resource (16 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Zugangseinschränkungen:Electronic access restricted to authorized BRAC University faculty, staff and students