Argentine Senate approves debt swap with holdout bond funds

Argentina's Senate approved by an overwhelming majority President Cristina Kirchner's plan to offer a debt swap to 7% of bondholders who turned down debt restructurings in 2005 and 2010. The issue goes next to the legislature's lower house. The proposal is aimed at restarting negotiations with holdout bondholders.

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Buenos Aires Herald (Argentina) · Guardian (London), The · Reuters

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