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Emerging MarketsEM LatAm

Argentine lender bets on debt swap to beat looming maturity

Argentina, Banco Hipotecario, Mendoza, lender, bank, 575, LatAm

Banco Hipotecario, the Argentine bank focussed on mortgage and consumer loans, is asking holders of a dollar bond maturing in less than three months to swap their paper for a new 2025 bond and cash. If bondholders do not accept the terms, default is likely, says Moody’s.

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