Featuring Ben Heller, the podcast delves into El Salvador's unique bond issuance with a warrant tied to IMF deal and credit rating. The discussion highlights the complexities of financial warrants, governance-linked bonds, and the debate surrounding bond proceeds for buybacks. It also emphasizes the importance of transparent EM debt contracts for investor clarity.

Delve into Argentina's FRANs, with a drafting glitch leading lucky investors to 100% annual interest. Ben Heller discusses dodgy exit amendments and sovereign states raising defenses. Explore bond structures, market dynamics, and complex financial instruments. Uncover ethical dilemmas in financial agreements and regulations for abuse prevention in financial restructuring.