Argentina Hires HSBC, BofA Veterans for $76 Billion Debt Talks
- HSBC’s Mato to advice sovereign on $69 billion restructuring
- Bank of America’s Loketek to work on province, national deals
The Palace of Running Water in Buenos Aires, Argentina.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Three experienced Latin American bankers from HSBC Holdings Plc, Citigroup Inc. and Bank of America Corp. will lead the restructuring of more than $76 billion of debt owed to global investors by Argentina and the province of Buenos Aires.
Gerardo Mato, chairman of global banking in the Americas for HSBC, is leading the team that is helping the federal government restructure $68.8 billion of sovereign debt, according to people familiar with the matter. HSBC’s team will also include Andres Nicastro, they said.