Brady bonds, named for former Treasury Secretary Nicholas Brady, were created to help heavily indebted Latin American countries restructure their foreign debts in 1989 and 1990.
A better rapport might make Argentina more palatable to investors and help the country restructure the $7 billion it owes to other governments.At home, she might be less confrontational than her husband, and less concerned to micro-manage Congress and the cabinet.
In 2003 the country was restructured again, with previous divisions replaced by raione (districts), municipii (municipalities; including Chișinău), and Găgăuzia.
An instalment of $539m£319m9m) was due on the country's restructured bonds on 30 June, which Argentina wanted to pay.
Investors would worry that their losses would be greater if Portugal or another country also restructured its debt, said the person, who confirmed reports in the Frankfurter Allgemeine Zeitung, a German newspaper, and other media outlets but was not authorized to speak publicly.
If they cannot service their debts, it is mere commonsense to work with them to restructure these, as many countries have restructured in the past.
Urban planning and development management in developing countries were restructured following the basic notion of decentralization.
Republic New York lent heavily to Latin American countries like Brazil and Argentina in the 1980s, but had to write off most of these loans near the end of the decade after the debt of these countries was restructured.
Collective action clauses are legal riders in bond contracts that can make it easier for a debtor country to restructure its loans by forcing holdouts to accept the country's proposal for a bond swap if a certain majority of creditors agree to it.
Most bonds issued by sovereigns contain pari passu clauses, and this type of exchange was par for the course for country debt restructuring.
