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Ep 34 Ft. Lee Buchheit

Clauses & Controversies

NOTE

Zambian bondholders unlikely to face write-off in debt restructuring

Don't be pessimistic about the Zambian bondholders and their $3 billion worth of bonds. In a debt restructuring, they wouldn't be forced to write off a portion of their claims, which they hate. However, the additional phrase in the sovereign bond is just a mistake.

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