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Emerging MarketsEM LatAm

Mastellone clinches additional participation to seal distressed exchange

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

Argentine dairy company Mastellone Hermanos will push ahead with a distressed debt exchange after holders of an additional $3m of its 2021 bonds agreed to participate in the swap since last week’s early-bird deadline. The extra participation means the minimum take-up threshold for the offer has been reached.

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