The Argentine government plans to contact holders of $2.5 billion of defaulted bonds to see how they feel about the re-opening of its offer to swap the securities, Ambito Financiero reported today, without saying how it obtained the information.
Officials from the Economy Ministry have a list of 63 so- called holdouts who will be contacted before Feb. 27, the Buenos Aires-based newspaper said.
These investors will be encouraged to participate in a re- opening of the exchange under the same terms Argentina gave investors who accepted a 2010 restructuring, Ambito said. Barclays Plc (BARC), Citigroup Inc. (C:US) and Deutsche Bank AG (DBK), which handled the 2010 exchange, may be called on to organize the swap, Ambito said. The reopening may proceed in March, the newspaper said.
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