Argentina sets bond restructuring amount

Argentina sets bond restructuring amount

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

Argentina's government said on Tuesday that it will seek to restructure a total of $68.8 billion in foreign-law bonds, a deal that President Alberto Fernández said is crucial to avert default. In a presidential decree, the Fernández administration set the maximum nominal amount of the foreign-law bonds it wants to restructure, a deal that does not include local-law bonds and the $44 billion it owes to the International Monetary Fund (IMF), its biggest creditor. The government has said it wants t

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