Issuing International Bonds : A Guidance Note
Financial conditions in recent years have provided developing countries with unprecedentedopportunities to tap international bond markets, increasing access to commercial debtfinancing. On that background, developing countries are broadening the...
| Main Authors: | , , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/491301554821864140/Issuing-International-Bonds-A-Guidance-Note http://hdl.handle.net/10986/31569 |
| Summary: | Financial conditions in recent years
have provided developing countries with
unprecedentedopportunities to tap international bond
markets, increasing access to commercial debtfinancing. On
that background, developing countries are broadening the
range of debtinstruments employed in implementing debt
management strategies, and this has changed therisk profile
of their public debt portfolios. The target audience of this
Discussion Paper is thesovereign debt manager, with a
special focus on first time/infrequent issuer in Low
IncomeDeveloping Countries. The Guidance Note does not
discuss whether countries should issueinternational bonds or
not, but, rather, focus on the process of issuing such
instruments, giventhe lack of objective and independent
guidance available for issuers. The note outlines a
stepby-step process and provides practical advice. |
|---|