Argentina concedes creditors do not want in on bond swap


Argentina's Economy Minister Axel Kicillof (R) talks to legislators while debating at the Congress the bill to pay the debt at the Banco Nacion Fideicomiso next to Argentina's Presidency Secretary General Carlos Zannini, in Buenos Aires on Aug 27, 2014 - AFP Photo.

BUENOS AIRES: A majority of Argentina's creditors are opposed to their bonds being moved to a new jurisdiction under a government proposal that would sidestep a US court ruling that toppled it into default, the country's economy minister said on Tuesday.

Argentine Congress, which is controlled by allies of leftist President Cristina Fernandez, is expected to pass the plan into law on Wednesday.

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