Deadline plan enfuriates Argentina bondholders
Economy minister Lavagna has moved to force debt holders to settle by February 25
The ability for holders of Argentina’s defaulted debt to accept an exchange offer other than the one proposed now rests in the hands of Argentine lawmakers. In early February, Argentine economy minister Roberto Lavagna proposed a law to Congress which would bar an extension for bondholders to accept an exchange offer on $100 billion of defaulted debt beyond the February 25 deadline. The announcement infuriated investors already incensed with a proposal that would yield the largest haircut in
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