Argentina bondholders reject restructuring offer

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More than three years following the largest sovereign debt default in history, Argentina has launched its debt exchange offer to restructure nearly $103 billion in defaulted debt. But while the proposed haircut has won approval among local creditors, foreign bondholders are not interested.

In response to Argentina’s mid-January announcement, Hans Humes, co-chairman of the Global Committee of Argentina Bondholders (GCAB), says, “Argentina has failed to meet its agreements both as they relate t

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