Report

Govt to seek federal debt reprofiling, including with IMF

- Institutional investors to enter compulsory six-month extension on T-bills
- Bondholders to be offered optional reprofiling without haircuts for 2020-2023 bonds
- Govt to seek reprofiling of IMF debt also, likely transitioning to EFF program
- Govt forced into taking action as rollover on T-bills plummets to almost zero
- T-bills reprofile helps solve immediate liquidity problems
- Market reaction could depend on IMF answer to reprofiling talks
Provider
CEEMarketWatch
CEEMarketWatch

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