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Emerging MarketsEM LatAm

Mastellone falls short on distressed exchange

Argentina, Mastellone Hermanos, dairy, milk, retail, supermarket, LatAm, 575

Mastellone Hermanos, the largest dairy company in Argentina, has fallen short of getting the bondholder support it needs for its proposed distressed exchange offer. The borrower, which is dealing with the fallout from capital controls in its home country, needs the support of another 1.47% of its bondholders to proceed with the offer.

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