Argentina gets legislative approval for restructuring

Argentina gets legislative approval for restructuring

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Economy & Policy Regulation Politics Argentina US

Argentina’s Senate approved a key bill late Wednesday for the federal government to press ahead with renegotiating the country’s foreign debts by March 31, setting up a potential “game of chicken” with bondholders seeking payment. After eight-and-a-half hours of floor debate, the 65 senators voted unanimously to pass the Restoration of the Sustainability of the External Public Debt bill into law. “Argentina has a willingness to pay, but it also has to have the ability to pay and for that we must

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