Cool response to Argentina debt plan

news

news2-gif

Almost two years after Argentina defaulted on its debt repayments in December 2001, the country has announced initial plans to restructure its $94 billion worth of bonds. However it looks unlikely that these first proposals will be accepted unchanged.

The proposals recommend a 75% reduction in the value of the bonds and accumulated interest payments would be canceled. Since this interest amounts to approximately $5 billion each year, the plan means bondholders would lose an additional $10

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: