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Independencia Misses Coupon Payment

Oct 1, 2010

Independencia will not make an upcoming interest payment on its 15% of 2015 bonds, the meatpacker says. The Brazilian company that emerged from bankruptcy protection proceedings in March cites “ongoing financial challenges” and notes it is...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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