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Argentina opens bond swap

Argentina opens bond swap

April 23, 2020
Federal government asks bondholders to exchange $65 bln in outstanding notes by May 8 in its restructuring offer

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Regulation Politics Argentina Europe United States Latin America Switzerland

Argentina has invited holders of external bonds to participate in a debt exchange, looking to swap $64.8 billion in outstanding notes for new notes that mature between 2030 and 2047, it said on Tuesday night. The 21 outstanding bonds in the offer include $45.2 billion in US dollar-denominated notes, €17.5 billion ($18.9 billion) in euro-denominated notes and CHF400 million ($411 million) in Swiss francs, according to a prospectus posted on Wednesday morning. Bondholders who submit their notes by

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