News Center

Defaulted Argentina Debt Holder Backs Government Swap Offer
Wall Street Journal
April 20, 2010

By Matthew Cowley Of DOW JONES NEWSWIRES

BUENOS AIRES (Dow Jones)--A major investor in defaulted Argentine government bonds on Tuesday threw his weight behind an upcoming exchange offer, but warned of risks from any deterioration in market conditions.

"As long as the window in the markets to do a transaction like this one remains open and a successful transaction is still doable, we are inclined to accept Argentina's offer," Robert Koenigsberger, managing partner at investment adviser Gramercy, said in a statement sent to Dow Jones Newswires.

Gramercy is one of the first institutional investors to publicly back the government's plan to reopen its 2005 debt swap, terms of which were unveiled April 15. The government is waiting for final regulatory approvals and the offer is expected to be formally launched by the end of the month.

To view full text of the article, visit: http://online.wsj.com/article/BT-CO-20100421-706977.html?mod=rss_Bonds

U.S. Government
Takes Action

Click here to view letters by the Administration and Members of Congress on Argentina's debt and economic policies.

The Debt and Europe

Click Here To Read More

ATFA Member Spotlight

National Taxpayer's Union

Open Letter to the U.S. House of Representatives: Protect Taxpayers from Judgment-Evading Nations

Click here to view other ATFA member activity

Join Us
Show your support for ATFA and our work regarding debt default by joining our growing list of supporters.

Tell Your Friends
Do you have friends or colleagues who would be interested in supporting ATFA? Send them an invitation to this site by clicking here.