New Developments 2000

July 14, 2000

EMTA's Third Annual London Summer Forum Draws 180 Attendees to Hear Cautious Optimism from Sell-Side and Buy-Side Panelists.  

July 13, 2000

Clarification Memorandum on Settlements of Russia WI Trades of 2010 and 2030 Eurobonds After the Closing Date of Russia's Exchange Offer.

July 1, 2000

Mexico VRR Failed Transfers -- To Aid Market Participants in Their Reconciliation Efforts, EMTA is Publishing a Database of Contact Information to Enable Dealers, Custodians and Investors to More Effectively Communicate Among Each Other.  

June 30, 2000

Payment on Mexico VRR's will be Made Today to VRR Account Holders as of June 15. Because a Large Backlog of Failed VRR Trades Exists, We Anticipate an Increased Volume of Claims Relating to such Payment. The Discussion Draft of the New Market Practice for June 30 VRR Payment Claims is Now Available for Comment

June 29, 2000

Fiscal Agent Announces Ecuador Discount Bond Record and Payment Dates, as well as the Interest Rate and Amount of Interest Payable, in respect of the August 28, 1999 Interest Payment Date.  

June 27, 2000

EMTA Reaffirms Holiday Schedule Previously Distributed with One Change -- A Recommended 12:00 Noon (London Time) Early Close on Tuesday, July 4, for the Emerging Markets Debt Marketplace in the U.K.  

EMTA Sponsors Working Group Meeting on Mexico Value Recovery Rights.  

June 26, 2000

The Fiscal Agent for Ecuador Discount Bonds Confirmed that 25% of Discount Bondholders have Voted to Release the Collateral for the August 28, 1999 Interest Payment. The Record and Payment Dates have not yet been Determined. EMTA has Contacted the Fiscal Agent and Ecuador's Counsel for Further Information.  

June 23, 2000

EMTA Distributes New Version of Standard Terms for Assignments of Loan Assets (and Related Market Practice Guide), Effective for all Trades Entered into on and after June 26, 2000.

BNP Luxembourg, the Fiscal Agent for Ivory Coast, has Announced that the New Record Date for the Remaining Portion of Interest Due on the PDI, Discount and Front-Loaded Interest Reduction Bonds will be July 7, 2000, with a Payment Date of July 17, 2000.

EMTA Announces Holiday Schedule for Brady Bond Trades.  

June 22, 2000

Igor Kostikov, Chairman of the Russian Federal Commission for the Securities Markets, Speaks at Special EMTA Meeting.  

June 15, 2000

Calculations for Payments on Mexico Value Recovery Rights, Series A, Announced. Please click here for Citibank Notice and click here for Euroclear DACE Notice.  

EMTA Sponsors Working Group Meeting on Mexico Value Recovery Rights.