Argentina proposal expected to alienate

Cristina Kirchner, Axel Kicillof, Argentina
By Oliver West
21 Aug 2014

In a week in which the last South American nation to default on international debt notched up another upgrade, analysts said that Argentina — 13 years after its default — was further from international markets than at any point in recent months.

President Cristina Kirchner’s offer to foreign law bondholders of the chance to switch into local law notes and thus receive the payments blocked by US courts was dismissed as having too high execution risk, potentially placing investors in contempt of court, and unveiling once and for ...

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