Argentina receives 'massive' acceptance in restructuring

Argentina receives 'massive' acceptance in restructuring

Bonds Debt Corporate & Sovereign Strategy Economy & Policy Fixed Income Argentina Latin America Coronavirus

Argentina received overwhelming support in an agreement to swap $66 billion in external bonds and pull out of its ninth debt default in history with a view to setting conditions to keep it from happening again, Economy Minister Martín Guzmán said on Monday. "The offer had massive acceptance," he said in a televised address, accompanied by President Alberto Fernández, Vice President Cristina Fernández de Kirchner and other political leaders. Holders of 93.6% of the old bonds agreed to exchange th

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