Argentina Offering GDP Warrant Buyback to Save $9.4 Billion

Updated on
  • Warrants issued as part of debt restructuring in 2005, 2010
  • About $13.8 billion of the securities are outstanding

Argentina took a step toward expunging a vestige of its 2001 debt default by offering to buy back $13.8 billion of securities that reward investors as the economy recovers.

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