|
Headline: Chronicle of a debt foretold Source: Euromoney Date: April 2001
As news of a forthcoming offer started circulating, Ecuadorean bonds began to rise in value. When the offer was released on July 27 2000, they skyrocketed, pricing in a successful exchange. Bondholders, nearly all of whom mark to market, were given the most obvious evidence possible that the new bonds were worth substantially more than the old ones: the benchmark PDI bond rose 53% from July 17 to July 28, and 31% on the day of the offer alone. | |||||||||||||||||||||||||||||||||||||||||
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
