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Argentine Bonds Slide Second Day on 'Disappointing' Swap Offer
Bloomberg
April 19, 2010

By Drew Benson

April 19 (Bloomberg) -- Argentine bonds slid for a second straight day after the government's swap offer to restructure $20 billion in defaulted debt held out of a 2005 settlement came in below some investors' expectations.

The yield on Argentina's 7 percent bonds due 2015 rose three basis points, or 0.03 percentage point, to 11.38 percent at 4:28 p.m. New York time, according to Bloomberg pricing data. The bond's price fell 0.06 cent to 82.93 cents on the dollar, the lowest since April 9.

To full text of the article, visit: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=amqFMpHV5Uhs

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