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Cap Cana Bondholders Organize

Nov 19, 2008

Holders of $250m in 2013 9.625% Cap Cana bonds issued in late 2006 are heard to be organizing themselves in anticipation of a potential default on a $100m bridge loan that comes due today. JPMorgan executives are heard to have sought to...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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