cover image: Debt reprofiling, debt restructuring and the current situation in Ukraine /

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Debt reprofiling, debt restructuring and the current situation in Ukraine /

2 Apr 2015

Accordingly, the duration of the reprofiling would be determined on a case-by-case basis, taking into account the length of the program and the structure of the member’s public debt. [...] This This analysis suggests a mapping from the mandated approach is used in the calculations displayed in Table 1 as policy objective (for the debtor) to the appropriate type of well as in Table 2 in the Appendix, where the restructuring debt restructuring and its impact on creditors. [...] It would be a reprofiling, except the coupons the market value of the bond after the transaction, which on a number of bonds were substantially reduced, for involves discounting the new instruments at the estimated example the coupon of one US dollar bond was reduced post-transaction market yield, or “exit yield.” Exit yields, to 11.00 percent from 16.75 percent via the exchange and more generally [...] That is a big cut restructured bonds, provide an important barometer of — and puts the transaction into the category of “soft debt the credibility of the debtor’s Fund-supported economic restructuring” on the basis of features. [...] The country’s debt to GDP ratio started the year transactions that focus on extending the maturity of near 40 percent, the outlook for the new government short-dated bonds in the context of an IMF program.
government politics economics economy financial market finance debt restructuring bond bonds business debt investments imf market mortgage discounting sovereign debt otc loan market present value economy, business and finance market and exchange discount derivative (finance) credit and debt bond (finance) debts, public yields principal debts, external

Authors

Makoff, Gregory D

Pages
20
Published in
Ottawa, Ontario

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