Buyback and Exchange Operations: Policies, Procedures and Practices among OECD Public Debt Managers
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper reports on a survey carried out among OECD government debt managers on the use of bond buybacks and exchange operations. The survey shows that government debt managers use extensively bond buybacks and exchanges (often referred to as "switches") as liability management tools.Bond exchanges and buyback operations serve two main purposes....
