Financial Times FT.com

Delay to Argentina's record debt restructuring

By Adam Thomson in Buenos Aires

Published: April 2 2005 00:13 | Last updated: April 2 2005 00:13

Last-minute litigation by disgruntled bondholders has delayed Argentina's plans to complete its record $100bn (€77.5bn) debt restructuring this week, government authorities have admitted.

Argentina was supposed to issue $35bn in new securities on Friday to creditors who tendered 76 per cent of the country's defaulted bonds in February's restructuring offer. It was also supposed to pay about $690m in interest payments on the bonds.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this