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Argentina government hires Lazard, HSBC and Bank of America to broker debt restructuring

Published 03/01/2020, 07:22 PM
Updated 03/01/2020, 07:26 PM
Argentina government hires Lazard, HSBC and Bank of America to broker debt restructuring
BAC
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SANTIAGO (Reuters) - Argentina's government said on Sunday it had hired Lazard as financial advisor and Bank of America (NYSE:BAC) and HSBC as debt placement agents for the debt restructuring process it hopes to close by the end of March.

In a brief statement the Finance Ministry limited itself to disclosing the names of the financial institutions that will be intermediaries for the restructuring of close to $100 billion in public debt.

The operation is backed by the International Monetary Fund (IMF) and the talks are expected to continue from Monday in Buenos Aires.

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