Argentina Plans to Contact Holdouts Over New Swap, Ambito Says
The Argentine government plans to contact holders of $2.5 billion of defaulted bonds to see how they feel about the re-opening of its offer to swap the securities, Ambito Financiero reported today, without saying how it obtained the information.
Officials from the Economy Ministry have a list of 63 so- called holdouts who will be contacted before Feb. 27, the Buenos Aires-based newspaper said.
These investors will be encouraged to participate in a re- opening of the exchange under the same terms Argentina gave investors who accepted a 2010 restructuring, Ambito said. Barclays Plc (BARC), Citigroup Inc. (C) and Deutsche Bank AG (DBK), which handled the 2010 exchange, may be called on to organize the swap, Ambito said. The reopening may proceed in March, the newspaper said.
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