Argentina’s default restructure: 9.5% dollar bonds due in 2017

Wednesday, March 24th 2010 - 05:21 UTC

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Argentina will offer 9.5% dollar bonds due in 2017 in its plan to restructure 20 billion USD in defaulted debt, Ambito Financiero newspaper reported Tuesday. The bonds will be issued to compensate for past-due interest and the most recent past-due payment on warrants linked to economic growth, the Buenos Aires newspaper said. Read full article

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geo
the problem is here ;
distressing side is Italy not Argentine side !
Italy can not make debt ( lending ) servicing..no have wide
spectrumed financing ability !
if yu need a borrowing you should not borrow from any
random lenders !!
Mar 24th, 2010 - 10:40 am - Link - Report abuse 0
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Bubba
The last time Italy bought Argentine bonds they were paying 20%. Then the default and Argetina offered a dime on the dollar. The 9.5% looks attractive, but with the bad history of debt management I will look elsewhere.. Maybe Chavez will buy some.. jejeje
Mar 25th, 2010 - 12:30 pm - Link - Report abuse 0
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