LOADING

Type to search

Share
Argentina sees ‘scam’ in Citigroup debt deal “What we find is a trap possibly aimed at scamming bondholders” says Minister A deal between Citigroup and a U.S. judge allowing the banking giant to process two Argentine debt payments and exit its custodian business in Argentina may violate the country’s laws, Economy Minister Axel Kicillof said. Argentina is concerned Citigroup’s departure may further hamper the chances of debt interest payments on local law debt restructured after its record 2002 default reaching bondholders. “Reading the fine print of the deal, what we find is a trap possibly aimed at scamming the bondholders,” […]
To read this post, you must purchase a Latin Trade Business Intelligence Subscription.
Scroll to top of page