Debt portfolio structure optimisation

Our approach and techniques to determine the optimum fixed, floating, inflation-linked, maturity and currency structure of debt are based on proprietary long term budgetary simulation models which we developed over many years of investment banking experience advising sovereigns, public utilities, and multi-national corporate debt managers around the world. We use Monte Carlo simulations of projected export revenues and long term debt cashflows, and test alternative debt hedging strategies. The results are typically presented in the context of the clients’ long term budget compositions and strategic plan in terms of the likelihood that financial targets fall below critical levels.

Optimum asset mix for non-core central bank reserves »