Bloomberg News

Argentina May Not Make 2013 GDP Warrant Payment, BofA Says

September 28, 2011

Sept. 28 (Bloomberg) -- Payment for Argentina’s GDP warrants in 2013 is “at risk” as the government may report growth levels below the 3.26 percent threshold in 2012, Bank of America Merill Lynch said in a report.

Argentina will make dividend payments of $4.38 on Dec. 15 that will cost the government $3 billion, according to the report. The dividend payment next year will be 30 percent higher, the report said.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: Richard Richtmyer at rrichtmyer@bloomberg.net


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