February 23, 2021
Bondholders have overwhelmingly accepted an offer from the Argentine province of Salta to swap 9.125% bonds due in 2024 for new notes with a longer maturity and a lower coupon, the province said on Monday.
Investors turned in $334 million in outstanding bonds, or 95.5% of the principal, by the deadline on February 19, Salta said in a statement. On February 6, when it announced changes to the original offer, the province said it needed consent from holders of 75% of the bonds.
Salta added on Mond
Argentine provinces moves ahead with the exchange of its 2024 bonds for new notes with a longer maturity and a lower coupon