Private Bond Restructurings : Lessons for the Case of Sovereign Debtors

Lessons for the Case of Sovereign Debtors

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 conclusions are drawn as to the possibility of concluding... READ MORE...

Publication date: February 1996
ISBN 9781451926064
$15.00

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