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Wednesday, 13 January 2010

  • Exclusive: Argentina says debt swap going ahead

    BUENOS AIRES (Reuters) - Argentina is sending a "strong signal" that a swap of defaulted sovereign bonds is going ahead as planned, Economy Minister Amado Boudou told Reuters in an interview on Wednesday.
    The debt swap, which Boudou has said will launch later this month, will open "as soon as possible," he said, adding that the government was still waiting for approval from the U.S. Securities Exchange Commission (SEC).

    The government is hoping to settle with holders of $20 billion in defaulted debt to clear up fallout from a 2002 default to issue new bonds to help cover the $13 billion in debt payments the country faces this year.


    More information on reuters.com

Friday, 23 October 2009

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