Friday, August 5, 2011
Government scraps Brady bond swap after court ruling
Cristina Fernández de Kirchner's administration canceled on Friday an offer for creditors to swap up to $263 million and 54 million euros in defaulted Brady bonds for new debt, two weeks after a US court ruling effectively blocked the exchange.
The swap was part of a broader drive to restructure the remnants of a roughly $100 billion debt default in 2002.
COMMENTS >
Director: Orlando Mario Vignatti - Edition No. 3675 - This publication is a property of NEFIR S.A. - Issn 1852 - 9224 - Te. 4349-1500 - Paseo Colón 1196, (C1063ACY) CABA