Debt-swap: Boudou says Argentina to reach a 60% acceptance rate

During a radio interview, Finance Minister Amado Boudou said Thursday Argentina's debt-swap offer "was not meant for vulture funds."

Argentina's proposal is set to reach a 60 percent acceptance rate without considering vulture funds, Boudou told reporters.

"Our objective remains 60 percent, and we are on track to meet it. We will know it on June 7^th, the government official said during a radio interview.

The Finance Minister also said that the 45 percent participation rate announced Wednesday involves 100 percent of the bondholders entering in the first phase of the debt-swap.

If we don't take the vulture funds into consideration, we can say that one hundred percent of the institutional bondholders entered the first phase, he added.