Argentina proposes debt swap to avert bond default

06/18/2014 | Buenos Aires Herald (Argentina) · Bloomberg

Argentine Economy Minister Axel Kicillof said his government wants to swap new bonds governed by the law for restructured bonds. The development comes after the U.S. Supreme Court refused to hear Argentina's appeal challenging the claims of holdout investors who refused to participate in the restructuring deal. Lower court rulings bar Argentina from making payments to investors who went along with the restructuring deal unless it pays holdout investors at the same time.

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Buenos Aires Herald (Argentina) · Bloomberg

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