Mar
08
A $19 Billion Credit Fund Can’t Wait to Pile Into Argentina Debt
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Highland’s Dondero says fund will buy new Argentina bonds
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Argentina plans to sell almost $12 billion in mid-April
When Argentina makes its long-awaited return to international bond markets next month to raise almost $12 billion, the nation can count on Highland Capital Management LP to be one of the buyers.
The asset management firm, which oversees $19 billion, including credit hedge funds and emerging market credit funds, will look to snap up “significant amounts” of the securities, according to Jim Dondero, the president and co-founder of Dallas-based Highland. Before paring its holdings over the past six months, the firm had been the biggest holder of Argentina’s $4 billion of notes due in 2033…
A $19 Billion Credit Fund Can’t Wait to Pile Into Argentina Debt
