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Emerging MarketsEM LatAm

Argentine creditors set to dismiss debt offer despite bond rally

Argentina, peso, restructuring, default, 575, LatAm, coronavirus, face mask

After making investors wait until the end of Friday's trading session that saw a strong bid for its bonds, Argentina finally proposed terms on its mammoth external debt restructuring. With early recovery rate estimates in the 30%-35% range, investors did not even wait until the weekend was over to express their discontent.

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