Argentina Dusts off Old Offer, Awaits Ruling

Apr 1, 2013

Argentina submitted just before a Friday night deadline a new proposal to pay holdout creditors, though the effect it will have on the sovereign's US appeals court case remains unclear. As expected, the new offer is on the same terms as its 2005 and 2010 restructurings. “After taking the full month available to work on its response, Argentina came back [Friday] with a proposal for exactly the same package that it had offered...

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