True to its reputation for intransigence, North Korea has made no signs of wishing to start repaying or rescheduling its debt. But such defiance hasn’t prevented its debt prices rising by 15% on long-shot speculation that North and South Korea could reunite and as a result of generally positive sentiments on emerging markets.
Quick off the mark has been Banque Nationale de Paris (BNP), which last month issued the first tranche of its vehicle for turning North Korean debt into a tradeable bond under the name of NK Debt Corporation.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
