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  • Strategic considerations for first-time sovereign bond issuers
    Das, Udaibir S. ; Papaioannou, Michael G. ; Polan, Magdalena
    The recent round of debt relief has restored debt sustainability in many low-income countries (LICs). This, along with a continued search for yield and desire for portfolio diversification by ... investors, has increased the range of viable financing options, including international bonds, for many emerging market (EM) economies and LICs. This paper presents some of the advantages and disadvantages of international debut bonds, within a debt sustainability framework. It outlines key preconditions and discusses strategic considerations that countries need to take into account when contemplating bond issuance in international markets for the first time. In this context, the paper also discusses some typical pitfalls in accessing international capital markets, including excessive issue size relative to the intended use of bond proceeds, issuance of bullet bonds, and inadequate preparation for accessing the markets.
    Vrsta gradiva - knjiga
    Založništvo in izdelava - Washington (D.C.) : International Monetary Fund, 2008
    Jezik - angleški
    COBISS.SI-ID - 18514406

Knjižnica Signatura – lokacija, inventarna št. ... Status izvoda
EF, Centralna ekonomska knjižnica, Ljubljana Skladišče II 12065/08 gl. publikacijo
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