|
Headline: Small investors flex their muscles Source: Euromoney Date: October 2000 Author: Michael Peterson more on Latin America more on Bonds Emerging market governments can default on their international bonds with impunity. That seemed to be the clear message on August 23 when Ecuador secured the support of 99% of investors for its offer to swap defaulted Brady and Eurobonds for paper worth 41% less than the old debt. Investors who held out against the deal have discussed setting up a group to sue Ecuador, but there may be too few of them to make it worth bringing a suit. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
