Investment banker Ariel Sigal, who covers the Republic of Argentina for Deutsche Bank, was about to board a plane to take him from Buenos Aires to São Paulo when his mobile phone rang. Making the call was Federico Molina, head of public credit for the Argentine government and the most senior civil servant in the country’s famously astute debt raising team.
“Where are you going?” demands Molina, whose tough, no-nonsense style is the stuff of legend in emerging-market underwriting.
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