Argentina Restructuring Woes Set to Linger

Argentina Restructuring Woes Set to Linger

Corporate & Sovereign Strategy

Argentina is keen to put debt problems behind it and get back to issuing bonds, but its latest plan to retire holdout debt is seen taking months and achieving only partial success. According to news reports, economy minister Boudou expects to close the transaction in 45 days. “We think that it will be very difficult to close the transaction so quickly; instead, we expect the bond swap to settle sometime in Q1 2010,” says Credit Suisse. According to the shop, if participation in the new deal is a

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