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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Private Bond Restructurings  |b Lessons for the Case of Sovereign Debtors  |c Marco Piñón-Farah 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1996 
300 |a 16 pages 
651 4 |a United States 
653 |a Common stocks 
653 |a Sovereign bonds 
653 |a Institutional Investors 
653 |a Stocks 
653 |a Pension Funds 
653 |a Finance 
653 |a Financial institutions 
653 |a Bankruptcy 
653 |a Financial Instruments 
653 |a Debt Management 
653 |a Debt 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Asset and liability management 
653 |a Investments: Bonds 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a Sovereign Debt 
653 |a Non-bank Financial Institutions 
653 |a Bonds 
653 |a Investments: Stocks 
653 |a Liquidation 
653 |a Debt restructuring 
653 |a Corporate bonds 
653 |a Investment & securities 
653 |a Financial Risk Management 
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520 |a 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