Debt restructuring
6 Threads
On May 1st, GS put out a note on $VNO and a potential debt covenant breach. While we don't have the report, a few points on the topic. And as mentioned many times, covenant breache...
A deep dive into the possible terms for the restructuring of the bonds of the two most prominent current debt restructuring cases: Zambia and Sri Lanka. Either could set an import...
If the impasse between China, Zambia and the IMF isn't resolved quickly, it could be time to bury the so called "Common Framework" -- China's reported objections suggest the abse...
Ghana, like Zambia, has now defaulted on its eurobonds. It also looks like it will seek a restructuring through the process outlined in the G-20's "Common Framework" https://t.co...
1/5 The longer it takes for global creditors to recognize that much developing-country debt can never be serviced, the longer will it take for them to restructure debt with meaning...
1/6 This will continue to be a depressingly easy story to predict. Debt that cannot be repaid is restructured with no debt forgiveness and insufficient concessions. As a result the...