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Emerging Markets

Argentina roadshows restructuring

The Republic of Argentina began talks with investors this week over exchanging $18.3bn of debt on which it defaulted in 2001. The offer closes on June 7, with an early bird deadline of May 12 for holders of more than $1m of the bonds. Principal of $17.6bn, plus $700m interest accrued by the end of 2001, is eligible for the exchange.

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