e: Default Argentina Bonds / Status Update
You have probably heard the news reports today of a settlement between Argentina and the large Hedge Funds. The terms have not been announced (as of Wednesday 24th, afternoon).
We expect to meet very soon with the Argentina representatives. We believe we are in a good position to get terms that are similar or better than the Hedge Funds.
We still strongly recommend that our clients should NOT accept Argentina's public offer.
We will keep you posted on further developments.