JohnJD
 
Reply Mon 29 Dec, 2014 08:46 am
Does a term exist to describe a debt issuance that at the time of issuance the issuer intends to restructure?
The Greek government seems to want to issue a bond to public entities only that it wants to immediately restructure pocketing the difference.
This seems unprecedented to me.
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oralloy
 
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Reply Mon 29 Dec, 2014 10:11 pm
@JohnJD,
JohnJD wrote:
Does a term exist to describe a debt issuance that at the time of issuance the issuer intends to restructure?

The term "fraud" might cover it.
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