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Headline: Bankers celebrate as Cavallo buys a little time Source: Euromoney Date: July 2001 Author: Danielle Robinson Argentina’s $29.5 billion sovereign debt exchange deal was a great coup for the banks lead-managing it. Liability management deals are making up for a slowdown in the emerging-market debt business. How much it helped Argentina is less clear. Investors participated for technical reasons, not out of faith that the economy is improving. | |||||||||||||||||||||||||||
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