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Tango of the bond deal.

Publication: Pensions & Investments
Publication Date: 11-JUN-01
Format: Online
Delivery: Immediate Online Access
Full Article Title: Tango of the bond deal.(Argentina pressures pension funds to buy sovereign debt)(Brief Article)

Article Excerpt
Argentina's government and its AFJP private pension funds are collaborating on a debt deal to the detriment of retirement participants and the credibility of the country's fledgling pension system.

The AFJPs have been purchasing government debt through trusts, structured to allow the AFJPs to circumvent the 50% limit on...



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