Argie to Shift Holders to Local Law

Argie to Shift Holders to Local Law

Argentina Bonds

Argentina’s government has proposed a voluntary swap of its foreign debt to shifting payments to Buenos Aires, it says. Analysts see the proposal – which requires congressional approval – as pragmatic but with an uncertain effect on assets. The move comes after last week’s rejection of Argentina’s US court appeal that meant it will be forced to pay holdout and restructured bondholders equally. The decision’s enforcement is delayed to allow for potential consideration by the US Supreme court, but

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