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Headline: The buy side starts to bite back Source: Euromoney Date: April 2001 Author: Felix Salmon In a world where sovereign bondholders are disparate and disunited they are hard pressed to get a good deal if a defaulting sovereign and its bank advisers devise a unilateral exchange offer or other restructuring. With the often bitter experience of three such restructurings behind them, bondholders are getting together to protect their position. | |||||||||||||||||||||||||||
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