Argie Workout Suspended

Argie Workout Suspended

Corporate & Sovereign Strategy

The combination of Argentina’s souring economy and the fallout from the government’s pension fund takeover plan make an agreement with holdout creditors proposed earlier this year unlikely in 2008, according to a banker on the deal. Argentina pleased investors in September with talk of a workout plan with holdouts from its 2005 restructuring. The sovereign hired Citi, Barclays and Deutsche Bank to run the talks, which involve renegotiating terms on ARP and USD debt. However, President Kirchner’s

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial