Argentina
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South American supra is hitting its operational and lending targets -
Under 9% of holders of Argentine oil producer’s 2021s will swap into longer-dated debt
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Operator of 35 airports waives minimum exchange condition as take up stays below target
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Argentine utility’s debt swap qualifies as distressed, Fitch says
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Just 8% of holders of CGC’s 2021s have agreed to participate
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AA2000 has commitments for vital new funding but first needs higher take-up in bond swap
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Political woes compounded by risk-off day in markets
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Argentine oil and gas company looking to chip away at near-term maturity after Sinopec acquisition
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Argentine province already has the approval of 63.7% of its bondholders
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Shunted bondholders feel the Province of Buenos Aires’ coercive negotiation tactics will hurt its reputation in credit markets, but investors rarely have such long memories
