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Mittwoch, 30. März 2016

Deutsche Bank and J.P. Morgan suspend proposed London offering after holdout creditors go back to U.S. court

Plan to Sell Argentine Debt Collapses

Deutsche Bank and J.P. Morgan suspend proposed London offering after holdout creditors go back to U.S. court

A bid by two global banks to sell bonds for Argentina in London collapsed, delivering a fresh setback to the cash-strapped South American nation amid a long-running feud with creditors.
Deutsche Bank AG and J.P. Morgan Chase & Co. approached bond fund managers on Wednesday to gauge interest in an auction of the country’s debt in London, people familiar with the matter said. The banks believed they had found a way to sell...

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