How to restructure sovereign debt

Simon Hinrichsen is a EM debt portfolio manager at Sampension, wrote his PhD thesis on sovereign debt restructuring, and briefly worked on FT Alphaville back in the day. He’s now also lecturing at the University of Copenhagen, so we asked him to write up his how-to restructuring guide for FTAV readers.

After almost two decades of relative tranquility, a violent rash of sovereign debt defaults looms on the horizon.

Mozambique,