Fourth Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contract.
This paper reports on progress in inclusion of enhanced collective action clauses and modified pari passu clauses as of end-October 2018. The report finds that enhanced CACs have now become the market standard, with only a few issuers standing out from the market trend. Around 88 percent of internat...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Series: | Policy Papers; Policy Paper ;
No. 2019/008 |
| Online Access: | Full text available on IMF |