Analysis:Wall Street strikes back against New York's sovereign debt bill
SRI
LONDON/NEW YORK : Investors in emerging market sovereign bonds, alarmed by efforts to limit their debt restructuring options, are adding clauses to bond deals that would allow them to switch jurisdictions to avoid such curbs. Two recent debt agreements, one pending in Sri Lanka and another agreed last year in Suriname, included clauses that would allow investors to change the location where potential disputes settle. Such steps show that investors are mounting their defence against law changes
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