In accordance with the Right Upon Future Offers or RUFO clause (similar to a conventional clause requiring creditors to be treated pari passu) contained in the 2005 agreement on the restructuring of the debt of the exchange bondholders (preventing Argentina from making more favourable repayments to holdouts unless the conditions are the same as for exchange bondholders), the funds paid by Argentina were not handed over to the creditors.
BofA Merrill Lynch Fund Manager Survey Finds Investors Positioning For China Slowdown and Low Inflation...
Confidence in a recovering global economy is extending into 2013 as investor fears surrounding the fiscal cliff eased, according to the BofA Merrill Lynch Fund Manager Survey for December.
With sovereign ceilings rising, corporate
governance and overall transparency
improving, demand and liquidity high and
returns attractive relative to risk, what's not
to like about Emerging Markets corporate
bonds?
What is the role of the French Treasury Agency (AFT)? Who holds the French debt? How are OAT and BTF issues conducted? Philip Mills, CEO of the French Treasury Agency answers Next Finance questions...