Argentina postponed the closing of the exchanges
May 18th, 2010
Argentina postponed the closing of the exchange of bonds to large investors.
Buenos Aires, Argentina May 12 .- postponement to Friday, the deadline they had until now banks and large creditors to join the exchange offer million-dollar sovereign bonds in default since 2001 by the "strong flow of orders" for change, reported today the Government.
The deadline, which expired today, was extended because there was "a lot of orders for entry into the exchange, tera gold, and this was creating an operational problem in the bank receiving the orders," said Argentine Minister of Economy, Amado Boudou, to make ad.
"It extends expiring today until Friday: that having a heavy influx of orders for the swap," the radio declared Boudou Mitre Buenos Aires from New York, where the minister held a series of meetings with bankers and investors.
The exchange, ffxiv gil, offer has to do with bonds worth 18,300 million dollars in the hands of large and small investors who rejected the refinancing of 2005, when Argentina left the 2001 suspension of payments, the biggest in financial history (about 102,000 million dollars).
The small investors, most of them Italians, Germans and Japanese, have until June 7 to adhere to this new offering refinancing that Argentina intends to return to international capital markets.
