Argentine President Cristina Fernandez de Kirchner is offering a way out of default for investors in the nation's overseas foreign-currency bonds.

The proposal her government is sending to congress would allow bondholders to ignore their current contracts and get paid in Buenos Aires, or swap their debt for new securities governed by Argentine law.

Here are three scenarios for investors to consider:

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.