Argentina asks Pimco to roll over debt as restructuring looms

Argentina’s government has moved quickly to sidestep a debt crisis, appealing to bondholders including Pacific Investment Management Co. to roll over maturing debt. Finance Secretary Diego Bastourre and his deputy, Ramiro Tosi, met with Pimco officials and local bondholders to persuade them to accept new notes in exchange for 24.5 billion pesos ($410 million) of bonds maturing on Monday

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Source: Bloomberg