21 de agosto de 2014 / 20:13 / en 3 años

Argentina bondholders working with Deutsche Bank on RUFO waiver

NEW YORK, Aug 21 (IFR) - A group of Argentina’s exchange bondholders is working with Deutsche Bank to remove the so-called RUFO clause that prevents the sovereign from offering holdout creditors better terms than those who took part in its 2005 and 2010 restructurings.

Christopher Clark, a partner at law firm Latham & Watkins, which is advising holders of over EUR5.2bn of Argentine debt, told IFR on Thursday that a consent solicitation on the clause is in the works.

“We are moving forward and we are working with Deutsche Bank to progress as rapidly as possible to a solicitation,” Clark said. (Reporting by Davide Scigliuzzo)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below