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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 dr...

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Bibliographic Details
Main Author: Piñón-Farah, Marco
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Working Papers
Subjects:
Common Stocks
Sovereign Bonds
Institutional Investors
Stocks
Pension Funds
Finance
Financial Institutions
Bankruptcy
Financial Instruments
Debt Management
Debt
General Financial Markets: General (includes Measurement And Data)
Asset And Liability Management
Investments: Bonds
International Lending And Debt Problems
Debts, External
Sovereign Debt
Non-bank Financial Institutions
Bonds
Investments: Stocks
Liquidation
Debt Restructuring
Corporate Bonds
Investment & Securities
Financial Risk Management
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:16 pages
ISBN:9781451926064

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