Analysis:Retro bonds return from the '80s to speed up debt reworks, but at a cost
WASHINGTON/LONDON :The recent cascade of countries defaulting on their debt has brought back into vogue complex securities, born in the 1980s, that aim to speed up restructurings. The renaissance of so-called State Contingent Debt Instruments, which lure investors with new bonds that promise payouts if the c
23 Oct 12:06 · CNA