Back

Weekly Report - 29 August 2013 (WR-13-34)

ARGENTINA: New debt-swap deal tabled

Yet more twists in the tale of Argentina’s long-running debt saga. Since Argentina defaulted on US$100bn of debt in 2001, it negotiated two debt swaps in 2005 and 2010, in which 93% of its creditors accepted a ‘hair cut’, receiving just 30% of the face value of their bonds. The remaining, so-called hold-out creditors, however, have continued to chase Argentina for the full amount. In this, the hold-outs have been consistently backed by US courts in a case that has been followed with fascination by sovereign debt analysts worldwide due to its potential implications for other countries’ debt negotiations.

End of preview - This article contains approximately 663 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Back
LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Company
Home
About Us
Our Services
Terms & Conditions
Privacy Policy
Useful Links
Access Reports
Consultancy
Subscribe
Contact Us
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.