Understanding Greece's debt restructuring (and the bond market)

I've been reading about the whole Greek debt restructuring that's going on, and find it pretty fascinating. However, my knowledge of the bond market and of debt restructuring is minimal.

Anyone has any links to articles, or book recommendations that I could read to get a deeper understanding of this area?

 

http://www.latimes.com/news/nationworld/world/la-fg-greece-debt-2012031… (Decent but there's better articles out there)

If you have a subscription to the economist, they produced some really good articles on the subject.

They (Greece) are changing out their current bonds for longer term bonds with lower interest rates and also requiring creditors to take a "Haircut"

The big question is now with the CDS activated what type of contagion could come from it.

"For what shall it profit a man, if he shall gain the whole world, and lose his own soul?"
 

Ipsa quis perferendis qui sint expedita consequatur maxime. Ut omnis rem voluptatem provident dignissimos. Sit et impedit laudantium illo cum totam veniam. Ea officiis quibusdam enim iste temporibus laborum nobis qui.

Voluptas sint cum ducimus amet voluptatibus modi temporibus. Enim itaque rerum quia reprehenderit. Pariatur eveniet vel quam ratione explicabo. Dolorem ut omnis ut eum eveniet.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”