Anleihensanierungen
Anleihensanierungen, also known as bond restructurings or debt workouts, refer to a process where the terms of existing bonds are modified to alleviate financial distress for the issuer. This typically occurs when a company or sovereign entity faces difficulties in meeting its debt obligations, such as making interest payments or repaying the principal at maturity. The goal is to find a mutually agreeable solution between the issuer and its bondholders, avoiding a formal bankruptcy or default.
Common methods employed in anleihensanierungen include extending the maturity date of the bonds, reducing the interest
The success of an anleihensanierung depends on the willingness of bondholders to cooperate and the perceived