15-70 Which of the Following Makes International Loan Rescheduling More

question 1

Multiple Choice

15-70 Which of the following makes international loan rescheduling more likely than bond rescheduling?

• A)International loan contracts are not allowed to contain cross-default provisions.
• B)Typically there are more FIs in an international lending syndicate compared to a the number of potential bondholders.
• C)Since World War II more international debt has been in the form of bonds.
• D)An international loan syndicate typically comprises the same FIs which allows greater cohesiveness for negotiations.
• E)All of the above.

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