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Nicaragua Scalps Investors in Workout

Dec 7, 2007

Nicaragua has negotiated a deal with almost all of its creditors for a whopping 95.5% haircut on $1.4bn in debt. From the overall amount of eligible claims of $1.4bn, more than $1.3bn was tendered and accepted for redemption by Nicaragua at 4.5% of the current value...

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“The greatest value in the next 12 months will be combination of corporates and local currency bonds”

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