Multiple Choice
Which of the following makes international loan rescheduling more likely than bond rescheduling?
A) International loan contracts are not allowed to contain cross-default provisions.
B) Typically there are more FIs in an international lending syndicate compared to the number of potential bondholders.
C) Since World War II more international debt has been in the form of bonds.
D) An international loan syndicate typically comprises the same FIs which allows greater cohesiveness for negotiations.
Correct Answer:
Verified
Correct Answer:
Verified
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