Merrill Lynch appointed to structure world's largest sovereign debt exchange
MERRILL LYNCH APPOINTED TO STRUCTURE WORLD'S LARGEST SOVEREIGN DEBT EXCHANGE LONDON, November 21 - Merrill Lynch has been appointed by Argentina's Ministry of the Economy to act jointly with Deutsche Bank and Salomon Smith Barney to structure the upcoming international debt exchange for the Republic of Argentina. The exchange is estimated to exceed $60 billion. The Merrill Lynch team is headed by Dr. Jacob A. Frenkel, president of Merrill Lynch International and Chairman of the firm's Sovereign Advisory Group. This new mandate follows the appointment last month of Dr. Frenkel and the