Argentinian Peso in Massive Slide; Argentina’s Bonds Decline on Plan to Offer Local-Law Swap
MishTalk
AUGUST 20, 2014
billion to holders of debt defaulted on in 2001 or reach a settlement before resuming payments on restructured notes. The country’s benchmark restructured bonds due in 2033 fell 2.58 The article suggests Argentina will be shut out of the credit markets. District Judge Thomas Griesa that a swap would be illegal.
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