Argentina Says Proposed Debt Swap Aims To Protect Investors
Cabinet chief Jorge Capitanich said on Wednesday, Argentina’s plan for making payments on its sovereign bonds via a local bank aims to protect the vast majority of creditors who participated in two debt restructurings. The government is sending a bill to Congress replacing its New York intermediary bank with state-run Banco Nacion, the latest move in a years-old legal chess game between Argentina and holders of defaulted bonds who have sued for full repayment.
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