WASHINGTON -- Argentina's economy minister, Domingo Cavallo, played down a dispute over the mix of bonds its foreign creditor banks will take in a $31 billion debt deal.

Banks have been opting for a mix of 80% fixed-rate par bonds and 20% floating-rate discount bonds, whereas the U.S. Treasury is pressing them to accept a 50-50 mix.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.