Profiting from debt
Article Abstract:
Investment opportunities in Latin America are picking up due to the Brady Plan, which allows third world nations to securitize their debt into bonds backed by US Treasury bonds. In effect since 1989, Brady bonds began showing huge returns in 1993 and many investment houses are creating mutual funds which rely heavily on emerging-market debt. Similar plans have been set up for Eastern Europe, where many feel the smart investments for the next few years are located.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Getting off debt row? Vietnam signs critical debt-restructuring deal
Article Abstract:
Vietnam has reached a preliminary agreement with creditors to restructure the nation's debt and improve credit terms for investments in Vietnam. The London Club creditor group will write off 45% of loans outstanding, and remaining amounts will be paid in cash or bonds. Foreign investors anticipate that this restructuring will result in greater credit being available in Vietnam at better terms. The World Bank will likely assist Vietnam in this arrangement.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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