7. Status of the Bonds and Negative Pledge
(1) The Bonds and Coupons constitute (subject to subparagraphs (2) and (3)) direct,
unconditional, unsecured and unsubordinated obligations Of the Republic and shall at all
times rank pari passu and without any preference among themselves. The payment
obligations of the Republic under the Bonds and the Coupons shall (subject to
subparagraphs (2) and (3)) at ail times rank at least equally with all its other present and
future unsecured and unsubordinated External Indebtedness (as defined below).
REPUBLIC OF ARGENTINA
7 per cent Bonds 1996 - 2003
of Swiss francs 200,000,000.-
- With Reopening Clause -
ARG96 (Tickersymbol SWX / SIX)
ISIN CH0005458101
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