North Korea’s Defaulted Debt Gains on Weapons Talks

Bloomberg John Glover 3/14/2007 North Korea’s defaulted debt, virtually worthless five years ago, is gaining as investors bet that talks to terminate the communist nation’s nuclear weapons program may eventually end the country’s isolation. The securities are priced at 24 cents on the dollar, according to Exotix Ltd., a London brokerage. That’s up from 18 … Continue reading North Korea’s Defaulted Debt Gains on Weapons Talks