LF Insight

Archive: 2014 2013 1998 1997 1996 1995
  • The Debt Roulette pt2 Jan 1, 1998

    Faced with $170 million in debt coming due in 1998, Guillermo Gotelli, the straight-shooting president of Argentine athletic footwear company Alpargatas, had a cold realization: because the extreme turmoil in Asian markets was likely to keep international volatility high and liquidity low well into into the year, unusual measures would have to be taken if his company were to cover its debts. In short, extraordinary conditions required extraordinary actions



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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management