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Emerging MarketsEM LatAm

Exotix sees 50% haircut possible in Barbados

Barbados, restructuring, White Oak, LatAm, Caribbean

Defaulting Caribbean sovereign Barbados could end up forcing a 50% principal haircut on bondholders in its restructuring, said Exotix on Wednesday, as investors worried that an overly aggressive approach from the island nation would see it lose market access for the foreseeable future.

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