March 5, 2019 |
Argentina has agreed to pay ¥2.8bn ($25m) to holders of four series of defaulted bonds in Japanese yen.
"The settlement represents a keystone in the republic's efforts to normalize relationships with the international financial markets, putting an end to the Samurai bonds default," Argentina's legal representative, Cleary Gottlieb, said in a statement.
The government plans to pay the bondholders by the end of June.
Before the settlement, Argentina had ¥1.88bn in outstanding Samurai bonds. The
Government agrees to pay 150% of the outstanding principal from four series of notes