Sovereign bond clauses grow in popularity.

• Autores: Zoe Thomas
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 34, Nº. 6 (2/9/2015), 2015
• Idioma: inglés
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• Resumen

  • The article reports on the increasing popularity of sovereign bond clauses drafted by International Capital Markets Association (ICMA) to prevent holdouts in sovereign restructurings in 2015. Topics cited include the ability of aggregate note holders to vote for a restructuring of all classes of bonds, amount raised by Mexico after becoming the first investment grade issuer to sell bonds, application of ICMA clauses in Kazakhstan, and other benefits and provisions of the ICMA clauses.