Posts tagged 'Sovereign debt restructuring'

A sovereign risk factor is born

A familiar saga pops up in the prospectus for Paraguay’s recent US dollar, New York law bond…

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Why it matters that the Irish promissory notes are gone

And why this could well have been the best possible deal for Ireland.

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Argentina, holdouts, and finding a formula

As the Financial Times put it, “[s]ince last week’s US Appeals Court ruling went against Argentina, there’s been a lot of comment about how the country could try changing the trustee or payments structure of the bonds which came out of its 2005-2010 restructuring.” (Attachment G.) It is clear that Argentina now is in the process of trying to render the Equal Treatment Orders ineffective and will employ and exploit any delay tactics necessary to evade this Court…

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