EM Insider – Ep.9: Is this the end of ‘vulture culture’ in EMD?
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The idea of ‘vultures’ piling into low-priced bonds after a default and then forcing through restructuring terms that favour them could become a thing of the past if ESG investing really takes hold.
That is according to our EM Insider, Raphael Kassin, who made the comments in light of restructuring by Ecuador and Argentina, with the likes of Venezuela and Lebanon likely to go through herculean efforts to manager their debt.
In this latest episode of our monthly podcast, Kassin also touches upon Turkey and why he believes the Belarus situation is not going to have major implications for developing world debt buyers.
That is according to our EM Insider, Raphael Kassin, who made the comments in light of restructuring by Ecuador and Argentina, with the likes of Venezuela and Lebanon likely to go through herculean efforts to manager their debt.
In this latest episode of our monthly podcast, Kassin also touches upon Turkey and why he believes the Belarus situation is not going to have major implications for developing world debt buyers.
