Ex-BNP Banker Is Potential Bridge Between Argentina, Creditors

A group of bondholders is turning to one of the most recognized names in Argentine debt underwriting for guidance as it gears up for restructuring talks with President-elect Alberto Fernandez’s government over some $50 billion in debt, Bloomberg News reported. Marcelo Delmar, the former head of Latin American debt capital markets at BNP Paribas SA, has been offering advice in recent calls with some of Argentina’s largest creditors, according to people familiar with the matter. While a formal role hasn’t been announced, Delmar has passed up other opportunities citing his commitment to the Argentina work, the people said. The creditor group, which has amassed some three dozen members, has been holding regular calls for the past few months to try to build a common front ahead of the expected talks. Read more