Can Argentina Make a Deal With International Bondholders?

Christian F. Schoepp, international consultant at Diaz, Reus & Targ: “The agreement offered current domestic bondholders of the so-called ‘trigger bonds,’ or the A2M2, the opportunity to swap those debts for new bonds maturing later. It has been estimated that, under the new agreement, investors who swapped accepted a cut on returns of 16.5 percent on average.”