BUENOS AIRES, Dec 5 (Reuters) – Argentina’s offer to swap or
pay early on a dollar-denominated bond due in 2015, if
successful, will ease pressure on its foreign reserves and may
embolden the government in its fight against U.S. hedge funds
suing over unpaid debt.
Economy Minister Axel Kicillof said on Thursday the
government planned to issue new dollar-denominated Bonar24 notes
worth up $3 billion. It would be the first
foreign currency debt sale by Argentina, Latin America’s No. 3
economy, since it defaulted in July.
BUENOS AIRES, Dec 4 (Reuters) – Argentina offered on
Thursday to pay out early on a dollar-denominated bond due in
2015 to quell market speculation that it will struggle to
service its debt next year due to low foreign reserves and
fallout from a sovereign default four months ago.
Economy Minister Axel Kicillof said holders of the local-law
Boden15 bond can take cash or swap for another
bond due in 2024, an option that would ease the financial burden
on the South American country’s strained coffers.