Managed by Goldman Sachs and JPMorgan, the programme is the third instalment of the sovereignÆs liability management programme. The two previous consolidation programmes were for peso-denominated debt.
Eligible bonds consisted of the outstanding 7.50% bonds due 2007, 8.875% bonds due 2008, 8.375% global bonds due 2009, 9.875% global bonds due 2010, 9.00% global bonds due 2013, 8.25% global bonds due 2014, 8.875% global bonds due 2015, 8.75% fixed-rate bonds due October 2016, 9.375% global bonds due 2017 and 9.875% bonds due 2019.
These were exchanged for newly issued US dollar-denominated amortizing global bonds due in...
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