Publication:
Bond Buybacks and Exchanges: Background Note

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2016-04-19T16:49:04Z
dc.date.available2016-04-19T16:49:04Z
dc.date.issued2015-05-31
dc.description.abstractThis background note focuses on the use of bond buybacks and bond exchanges in the domestic government securities market. The objective is to provide an overview of their functions and of the procedures that facilitate their implementation, using country examples as illustrations.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/03/26122353/bond-buybacks-exchanges-background-note
dc.identifier.doi10.1596/24088
dc.identifier.urihttps://hdl.handle.net/10986/24088
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAUCTION
dc.subjectCAPITAL LOSS
dc.subjectDEFICIT
dc.subjectCAPITAL MARKETS
dc.subjectHOLDING
dc.subjectREVERSE AUCTIONS
dc.subjectLIABILITY
dc.subjectACCOUNTING
dc.subjectMARKET DISTORTIONS
dc.subjectPUBLIC DEBT MANAGERS
dc.subjectBOND PRICE
dc.subjectDIRTY PRICES
dc.subjectUNIFORM-PRICE
dc.subjectREPO
dc.subjectINTEREST
dc.subjectHOLDERS OF BONDS
dc.subjectLIQUIDITY RISKS
dc.subjectMATURITY DATE
dc.subjectINTEREST RATE
dc.subjectOPTION
dc.subjectEXCHANGE
dc.subjectBANKING SYSTEM
dc.subjectLIQUIDITY
dc.subjectDEBT MANAGEMENT
dc.subjectDOMESTIC MARKET
dc.subjectILLIQUID MARKET
dc.subjectPORTFOLIO
dc.subjectOLD BONDS
dc.subjectBONDS
dc.subjectCAPACITY BUILDING
dc.subjectBENCHMARK BOND
dc.subjectDISCOUNT
dc.subjectLEVEL OF INTEREST RATES
dc.subjectBORROWING PLAN
dc.subjectGOVERNMENT BOND
dc.subjectBOND YIELDS
dc.subjectINVESTOR BASE
dc.subjectMATURE MARKETS
dc.subjectMARKET INFORMATION
dc.subjectCASH FLOWS
dc.subjectINSTRUMENTS
dc.subjectBUDGET
dc.subjectBOND AUCTIONS
dc.subjectPRICE DISCOVERY
dc.subjectMARKET PARTICIPANTS
dc.subjectMATURITY
dc.subjectBENCHMARK MATURITY
dc.subjectAMOUNT OF CAPITAL
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET STABILITY
dc.subjectLACK OF TRANSPARENCY
dc.subjectBOND INDEX
dc.subjectCURRENCY
dc.subjectBOND ISSUES
dc.subjectMARKET DEVELOPMENT
dc.subjectSECURITIES MARKET
dc.subjectSETTLEMENT DATE
dc.subjectCAPITAL GAINS
dc.subjectDEBT MANAGEMENT AGENCY
dc.subjectMARKET PRACTICE
dc.subjectPORTFOLIOS
dc.subjectBUYBACK
dc.subjectMARKET MAKERS
dc.subjectCONVERSIONS
dc.subjectBOND ISSUANCE
dc.subjectTRADING
dc.subjectPRIMARY DEALERS
dc.subjectREPO MARKETS
dc.subjectDEBT OUTSTANDING
dc.subjectINTEREST RATES
dc.subjectCASH PAYMENT
dc.subjectRISK MANAGEMENT TOOLS
dc.subjectREVERSE AUCTION
dc.subjectMARKETS
dc.subjectDEBT
dc.subjectPRICE TRANSPARENCY
dc.subjectMARKET MAKER
dc.subjectRETURN
dc.subjectSETTLEMENT
dc.subjectBUDGET DEFICIT
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectDOMESTIC DEBT
dc.subjectCOUPON BONDS
dc.subjectNATIONAL TREASURY
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectINVESTMENT STRATEGY
dc.subjectINVENTORY
dc.subjectCLEAN PRICE
dc.subjectBORROWING COST
dc.subjectGOVERNMENT SECURITIES MARKETS
dc.subjectBENCHMARK BONDS
dc.subjectFINANCE
dc.subjectINTEREST RATE RISKS
dc.subjectMARKET PRICE
dc.subjectGOVERNMENT SECURITIES MARKET
dc.subjectMARKET INTEREST RATE
dc.subjectGOVERNMENT SECURITIES
dc.subjectTRANSACTIONS
dc.subjectBUY BACK
dc.subjectREPO MARKET
dc.subjectAUCTIONS
dc.subjectEMERGING MARKETS
dc.subjectTRANSACTION
dc.subjectSECURITIES MARKETS
dc.subjectINVESTORS
dc.subjectBOND MARKETS
dc.subjectINCOME SECURITY
dc.subjectUNIFORM PRICE AUCTIONS
dc.subjectGOOD
dc.subjectINTEREST RATE SWAPS
dc.subjectFUNGIBLE
dc.subjectUNIFORM PRICE
dc.subjectBUY BACKS
dc.subjectTRANSPARENCY
dc.subjectCOUPONS
dc.subjectBOND AUCTION
dc.subjectGOVERNMENT BOND MARKETS
dc.subjectMARKET CONDITIONS
dc.subjectBUDGET SURPLUS
dc.subjectMARKET PRICES
dc.subjectBOND PORTFOLIO
dc.subjectFUTURE
dc.subjectSECONDARY MARKETS
dc.subjectDEBT SERVICING COST
dc.subjectEXCHANGES
dc.subjectMATURITY DATES
dc.subjectYIELD CURVE
dc.subjectFINANCING REQUIREMENTS
dc.subjectISSUANCE
dc.subjectBIDS
dc.subjectLIQUID BENCHMARKS
dc.subjectMARKET
dc.subjectT-BILLS
dc.subjectLOCAL CURRENCY
dc.subjectMARKET RISK
dc.subjectDIRTY PRICE
dc.subjectINVESTMENT POLICY
dc.subjectBORROWING REQUIREMENTS
dc.subjectSECURITIES
dc.subjectPUBLIC DEBT
dc.subjectTREASURY
dc.subjectPRICE MOVEMENTS
dc.subjectHOLDINGS
dc.subjectCURRENCIES
dc.subjectFORWARD RATE
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT BONDS
dc.subjectINTERESTS
dc.subjectDEBT MARKET
dc.subjectINVESTOR
dc.subjectBUYBACKS
dc.subjectCALL OPTION
dc.subjectSECURITY
dc.subjectPRIMARY DEALER
dc.subjectINVESTMENT
dc.subjectPRIMARY DEALER SYSTEMS
dc.subjectOUTSTANDING DEBT
dc.subjectBOND
dc.subjectCOLLATERAL
dc.subjectFUNGIBLE SECURITIES
dc.subjectCOUPON
dc.subjectBID
dc.subjectREINVESTMENT
dc.subjectMARK-TO-MARKET
dc.subjectDEBT MARKET DEVELOPMENT
dc.subjectOUTSTANDING AMOUNT
dc.subjectRISK MANAGEMENT
dc.subjectLENDING
dc.subjectGLOBAL FINANCE
dc.subjectINTEREST RATE RISK
dc.subjectSWAPS
dc.subjectMARKET PRACTICES
dc.subjectMATURITIES
dc.subjectINSTRUMENT
dc.subjectLIABILITY MANAGEMENT
dc.subjectDEBT SERVICING
dc.subjectARBITRAGE
dc.subjectSECONDARY MARKET
dc.subjectLIABILITIES
dc.subjectHEDGE
dc.subjectOLD BOND
dc.subjectDEBT MATURITY
dc.titleBond Buybacks and Exchangesen
dc.title.subtitleBackground Noteen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2016-03-24
okr.date.doiregistration2025-05-05T12:37:06.645242Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/03/26122353/bond-buybacks-exchanges-background-note
okr.guid917241467993195291
okr.identifier.externaldocumentum090224b08423057a_1_0
okr.identifier.internaldocumentum26122353
okr.identifier.report104176
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/03/24/090224b08423057a/1_0/Rendered/PDF/Bond0buybacks00es000background0note.pdfen
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicFinance and Financial Sector Development::Deposit Insurance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitFinance & Markets - GP - IBRD (GFMDR)
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