Argentina-style legal drama looms if Venezuela defaults on debt

Argentina-style legal drama looms if Venezuela defaults on debt
If that happens, analysts said hedge funds could look to borrow a page from Argentina’s play book and try to exploit the absence of collective action clauses on some sovereign debt to block a potential restructuring and sue for full repayment. “The …
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Debt management agency speeds Ireland’s recovery
During the 1990s and early 2000s, Ireland’s credit rating climbed to AAA on the back of its Celtic Tiger economy; sovereign debt shrank to a fraction of economic output. Investors loved Irish government debt, ranking it on a par with that of Germany.
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MIDEAST MONEY-Iran to expand sale of Islamic treasury bills, spur debt markets
Jan 31 Iran’s government plans to increase its issues of short-term Islamic bonds this year, aiming to rejuvenate the domestic debt market and help reduce local firms’ reliance on loans from a debt-laden banking sector. In the wake of the lifting of …
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Ukraine: dismal economic prospects, great sovereign bond
For all Ukraine’s troubles, its external bonds had the highest returns of any sovereign debt last year. The optimists who actually held on to the paper through continued civil war, depression, devaluation, restructuring, and, finally, at the end of …
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