Sovereign Debt
& Financing
A national leader, we deliver strategic advice and solutions, including capital raising, risk management, and debt finance services to governments and soverign institutions.
Organization works with a broad range of issuer clients and provides comprehensive strategic advice.
In-depth, industry-specific expertise and regional market acumen enable our industry coverage teams to serve the evolving needs of clients.We strive to build trusted, long-term relationships by taking a holistic and forward-looking view on our interaction, and identifying ways to help clients achieve their most important business objectives.
Sovereign Debt & Financing Services
We understand the sovereign debt and the markets to optimize global financing:
We develop a model of debt sustainability analysis with optimal financing decisions in the presence of macroeconomic, financial and fiscal uncertainty. We define a coherent measure of refinancing risk, and trade off the risks of debt stock and flow dynamics, subject to debt sustainability constraints and endogenous risk and term premia.
We optimize both static and dynamic financing strategies, compare them with several simple rules and consol financing to demonstrate economically significant effects of optimal financing, and show that the stock-flow tradeoff can be critical for sustainability.
We quantify the minimum refinancing risk and the maximum rate of debt reduction that a sovereign can achieve given its economic fundamentals, and extend the model to identify optimal timing for debt flow adjustments that allow the sovereign to go beyond these limits.
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Self Sustainability
Our main objective is where nations can provide internal investment for citizens to improve their lives.
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