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The Use of Bulgarian Foreign Debt Bonds in Privatization, June 1995
 

by Daniela Bobeva, Sophia Kassidova, Ilia Avramov

Sofia, June, 1995

CONTENTS:

CHAPTER I :

BULGARIA FACES A SERIOUS DEBT CRISIS 1

CHAPTER II:

FLUCTUATION OF BULGARIAN DEBT PRICES AND FACTORS INFLUENCING THEM 3

CHAPTER III:

NATURE AND SCOPE OF DEBT-FOR-EQUITY SWAPS IN BULGARIA 10

Legal Framework of the Debt for Equity Swaps 14

CHAPTER IV:

PRIVATISATION DEALS CONCLUDED SO FAR AND

THE SWAP OPERATIONS EFFECT ON PRIVATISATION 19

Prospects and recommendations 24


 
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