Argentina Picks Advisors
Argentina named three international investment banks to advise on
restructuring $99.4 billion in sovereign bonds, in default since
December 2001. Economy Minister
UBS Warburg, Merrill Lynch
Barclays. The government hired a group of local banks comprising state-owned
Banco de la Nación Argentina,
BBVA. These banks could share at least $88 million in fees if the restructuring is successful.
Leading international investment banks such
were disqualified from bidding because of their role in previous bond sales for Argentina. Others, such as
Take a free two-week trial now for the latest news, data and market analysis.