Aberdeen Asset Management Plc is disposed to accept Argentina’s offer to restructure $20 billion in defaulted bonds that were held out of a 2005 settlement, fund manager Edwin Gutierrez said.
“We are favorably disposed given the alleged terms, but until we see the official terms we can’t make an official decision,” Gutierrez said in a telephone interview from London.
Economy Minister Amado Boudou on April 15 said the government will offer investors 33.7 cents on the dollar for securities due in 2033, warrants linked to gross domestic product, and pay past due interest with 8.75 percent dollar bonds due in 2017. The government will not include past-due payments on the GDP warrants.
To contact the reporter on this story: Drew Benson in Buenos Aires at firstname.lastname@example.org