Argentine swap plan seen as risky

Argentine swap plan seen as risky

Argentina Bonds

The Argentine government's offer to swap New York-law restructured bonds into local law is unlikely to succeed and would do little to help the defaulted country patch up relations with the investment community, analysts said on Wednesday. In addition to swapping the bonds to Argentine law, the government is proposing to use Banco de la Nacion as trustee, replacing Bank of New York Mellon. Analysts said the deal is likely to fail because bondholders will risk being accused of helping Argentina to

Already have an account?

Free trial

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

Free Trial