Buyback and exchange operations: policies, procedures and practices among OECD public debt managers by Hans J. Blommestein, Mehmet Emre Elmadag and Jacob W. Ejsing (09/2012), published by OECD. “This paper reports on survey carried out among OECD government debt managers on the use bond buybacks and exchange operations. The survey shows that goverment debt managers use extensively bond buybacks and exchanges (often referred to as ‘switches’) as liability management tools.”
