ICMA Sovereign Bond Consultation Paper
For members of ICMA
Objectives of the consultation
1 ICMA’s primary objective is to support the creation of orderly and well-functioning international capital markets. In line with ICMA’s mission, this involves setting standards of best market practice, including on practical and technical features of market documentation.
2 Transparency has always been one of the fundamental pillars of the international capital markets. The purpose of ICMA’s Sovereign Bond Consultation Paper is to promote improvements in the standards of transparency relating to the issuance of sovereign bonds sold to investors internationally, and to propose standards of best market practice relating to their contractual terms and conditions. If sovereign issuers deviate from the standards of best market practice, it is proposed that this should be disclosed.
Link al Paper
(Via FT Alphaville)