Argentina bundles local 2020 bond into external restructuring
Argentina’s economy ministry argued that it was acting with “simple” logic after deciding to include a domestic law dual currency bond owned mostly by foreigners in its external debt restructuring on Tuesday afternoon.
In a statement on Tuesday afternoon, the ministry took a tough stance with the holders of the $1.6bn bond, which matures on February 13, after only 10% participated in a debt swap last week and a local bond sale aimed at funding the payment failed on Monday.The sovereign ...
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