Retail Shuns Argentine Swap Sequel

Retail Shuns Argentine Swap Sequel

Argentina

Retail holders of Argentine debt untendered in the 2005 exchange say they will not accept a reopening of the deal at the terms apparently on the table. “We all didn't wait 8 years for this offer from a consortium of funds/banks, who bought at 15 cents and want out at 35,” Mark Botsford, a US-based retail bondholder, tells LatinFinance. “They have $7m max, and the Kirchner's will still be out the big money,” he adds, referring to the participation he expects, of $20bn outstanding. “We’ll evaluate

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